First Trust Senior Loan ETF (NASDAQ:FTSL) Holdings Raised by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. raised its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 17.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 231,566 shares of the company’s stock after buying an additional 33,841 shares during the period. First Trust Senior Loan ETF makes up about 6.5% of Tower Wealth Partners Inc.’s holdings, making the stock its 9th biggest holding. Tower Wealth Partners Inc. owned approximately 0.46% of First Trust Senior Loan ETF worth $10,585,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust Senior Loan ETF by 25.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,064 shares of the company’s stock valued at $464,000 after buying an additional 2,023 shares during the last quarter. Financial Advocates Investment Management acquired a new stake in First Trust Senior Loan ETF in the fourth quarter valued at $207,000. UBS Group AG boosted its stake in First Trust Senior Loan ETF by 2.2% during the 4th quarter. UBS Group AG now owns 1,374,490 shares of the company’s stock valued at $63,323,000 after acquiring an additional 29,552 shares during the last quarter. Gladstone Institutional Advisory LLC grew its holdings in First Trust Senior Loan ETF by 34.7% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 80,809 shares of the company’s stock worth $3,723,000 after acquiring an additional 20,826 shares in the last quarter. Finally, Sachetta LLC bought a new stake in shares of First Trust Senior Loan ETF in the 4th quarter worth about $61,000.

First Trust Senior Loan ETF Stock Performance

Shares of First Trust Senior Loan ETF stock opened at $46.14 on Tuesday. First Trust Senior Loan ETF has a 1 year low of $45.01 and a 1 year high of $46.99. The firm’s 50-day simple moving average is $45.96 and its 200-day simple moving average is $46.06.

First Trust Senior Loan ETF Cuts Dividend

The company 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. This represents a $3.48 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend 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.