Garden State Investment Advisory Services LLC Trims Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Garden State Investment Advisory Services LLC decreased its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,284 shares of the company’s stock after selling 466 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in First Trust Senior Loan ETF were worth $607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Larson Financial Group LLC purchased a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter valued at $27,000. Tidemark LLC purchased a new stake in First Trust Senior Loan ETF during the fourth quarter valued at about $33,000. Assetmark Inc. increased its stake in First Trust Senior Loan ETF by 189.5% during the fourth quarter. Assetmark Inc. now owns 770 shares of the company’s stock worth $35,000 after acquiring an additional 504 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Senior Loan ETF in the 2nd quarter worth about $46,000. Finally, Consultiva Wealth Management CORP. acquired a new position in shares of First Trust Senior Loan ETF in the 1st quarter valued at about $100,000.

First Trust Senior Loan ETF Trading Down 0.1 %

Shares of NASDAQ:FTSL opened at $46.22 on Friday. The stock has a 50-day simple moving average of $45.97 and a 200-day simple moving average of $46.06. First Trust Senior Loan ETF has a 1 year low of $45.01 and a 1 year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

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

First Trust Senior Loan ETF Company Profile

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.