Envestnet Asset Management Inc. Acquires 73,314 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Envestnet Asset Management Inc. lifted its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 11.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 728,333 shares of the company’s stock after acquiring an additional 73,314 shares during the quarter. Envestnet Asset Management Inc. owned 1.46% of First Trust Senior Loan ETF worth $33,292,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. CoreCap Advisors LLC bought a new stake in shares of First Trust Senior Loan ETF in the 2nd quarter worth approximately $1,675,000. Oppenheimer & Co. Inc. lifted its holdings in shares of First Trust Senior Loan ETF by 13.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 42,590 shares of the company’s stock worth $1,947,000 after acquiring an additional 5,079 shares during the last quarter. Seaview Investment Managers LLC lifted its holdings in shares of First Trust Senior Loan ETF by 34.7% in the 2nd quarter. Seaview Investment Managers LLC now owns 5,946 shares of the company’s stock worth $272,000 after acquiring an additional 1,533 shares during the last quarter. TAP Consulting LLC bought a new stake in shares of First Trust Senior Loan ETF in the 2nd quarter worth approximately $1,000,000. Finally, Gentry Private Wealth LLC bought a new stake in shares of First Trust Senior Loan ETF in the 2nd quarter worth approximately $795,000.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL opened at $46.22 on Friday. First Trust Senior Loan ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.99. The firm has a 50 day moving average price of $45.97 and a 200-day moving average price of $46.06.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.29 dividend. This represents a $3.48 annualized dividend and a dividend yield of 7.53%. The ex-dividend date was Wednesday, August 21st.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.