NewEdge Advisors LLC Boosts Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

NewEdge Advisors LLC grew its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 229,595 shares of the company’s stock after buying an additional 34,094 shares during the period. NewEdge Advisors LLC owned 0.46% of First Trust Senior Loan ETF worth $10,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cambridge Advisors Inc. raised its holdings in shares of First Trust Senior Loan ETF by 1.8% during the second quarter. Cambridge Advisors Inc. now owns 14,017 shares of the company’s stock worth $641,000 after purchasing an additional 253 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its holdings in shares of First Trust Senior Loan ETF by 0.6% during the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 41,751 shares of the company’s stock worth $1,908,000 after purchasing an additional 255 shares during the last quarter. Western Wealth Management LLC raised its holdings in shares of First Trust Senior Loan ETF by 1.5% during the second quarter. Western Wealth Management LLC now owns 18,172 shares of the company’s stock worth $831,000 after purchasing an additional 261 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of First Trust Senior Loan ETF by 1.1% during the second quarter. Ameritas Advisory Services LLC now owns 28,934 shares of the company’s stock worth $1,323,000 after purchasing an additional 316 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of First Trust Senior Loan ETF by 0.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 94,807 shares of the company’s stock worth $4,381,000 after purchasing an additional 401 shares during the last quarter.

First Trust Senior Loan ETF Stock Down 0.0 %

FTSL opened at $45.89 on Tuesday. First Trust Senior Loan ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.99. The company has a fifty day moving average of $45.96 and a two-hundred day moving average of $46.05.

First Trust Senior Loan ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $3.48 dividend on an annualized basis and a yield of 7.58%.

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.