Financial Advocates Investment Management Has $2.70 Million Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Financial Advocates Investment Management increased its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 460.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,287 shares of the company’s stock after buying an additional 47,890 shares during the period. Financial Advocates Investment Management owned 0.11% of First Trust Senior Loan ETF worth $2,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FTSL. MassMutual Private Wealth & Trust FSB bought a new stake in First Trust Senior Loan ETF during the fourth quarter worth approximately $32,000. Trust Co. of Vermont acquired a new position in First Trust Senior Loan ETF during the 3rd quarter valued at $81,000. Peterson Financial Group Inc. bought a new stake in shares of First Trust Senior Loan ETF in the third quarter valued at about $98,000. NBC Securities Inc. grew its holdings in shares of First Trust Senior Loan ETF by 6.9% during the 3rd quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock worth $168,000 after purchasing an additional 239 shares in the last quarter. Finally, FLC Capital Advisors bought a new stake in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $210,000.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL opened at $46.22 on Friday. First Trust Senior Loan ETF has a one year low of $45.23 and a one year high of $46.99. The business has a fifty day simple moving average of $46.31 and a 200 day simple moving average of $46.14.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.