First Trust Senior Loan ETF (NASDAQ:FTSL) Reaches New 12-Month Low – Here’s Why

First Trust Senior Loan ETF (NASDAQ:FTSL) shares hit a new 52-week low during trading on Friday . The stock traded as low as $44.91 and last traded at $45.10, with a volume of 28121 shares trading hands. The stock had previously closed at $45.39.

First Trust Senior Loan ETF Stock Performance

The firm has a 50 day simple moving average of $46.03 and a 200 day simple moving average of $46.16.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.26 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Trading of First Trust Senior Loan ETF

A number of institutional investors have recently made changes to their positions in FTSL. Benjamin Edwards Inc. acquired a new stake in First Trust Senior Loan ETF in the third quarter worth about $718,000. Strategic Financial Concepts LLC acquired a new stake in First Trust Senior Loan ETF in the 4th quarter worth approximately $501,000. Rockefeller Capital Management L.P. grew its position in First Trust Senior Loan ETF by 4.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 72,591 shares of the company’s stock worth $3,331,000 after purchasing an additional 2,927 shares during the last quarter. JPMorgan Chase & Co. increased its stake in First Trust Senior Loan ETF by 238.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,086 shares of the company’s stock valued at $8,815,000 after purchasing an additional 135,283 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of First Trust Senior Loan ETF by 14.8% in the fourth quarter. Stephens Inc. AR now owns 5,646 shares of the company’s stock worth $261,000 after buying an additional 730 shares during the last quarter.

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.