Saxon Interests Inc. Takes Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Saxon Interests Inc. acquired a new stake in First Trust Senior Loan ETF (NASDAQ:FTSL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,942 shares of the company’s stock, valued at approximately $2,209,000. First Trust Senior Loan ETF makes up 1.1% of Saxon Interests Inc.’s portfolio, making the stock its 20th largest position.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of First Trust Senior Loan ETF by 79.0% in the first quarter. JPMorgan Chase & Co. now owns 67,825 shares of the company’s stock worth $3,191,000 after purchasing an additional 29,925 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of First Trust Senior Loan ETF by 74.3% in the first quarter. PNC Financial Services Group Inc. now owns 802 shares of the company’s stock worth $38,000 after purchasing an additional 342 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of First Trust Senior Loan ETF by 563.0% in the first quarter. Bank of Montreal Can now owns 21,124 shares of the company’s stock worth $995,000 after purchasing an additional 17,938 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of First Trust Senior Loan ETF by 80.4% in the first quarter. Raymond James Trust N.A. now owns 15,603 shares of the company’s stock worth $734,000 after purchasing an additional 6,953 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of First Trust Senior Loan ETF by 10.8% in the first quarter. NewEdge Advisors LLC now owns 70,716 shares of the company’s stock worth $3,327,000 after purchasing an additional 6,885 shares during the last quarter.

First Trust Senior Loan ETF Trading Up 0.1 %

Shares of FTSL stock traded up $0.03 during trading hours on Friday, hitting $46.21. The stock had a trading volume of 455,167 shares, compared to its average volume of 332,696. The stock’s 50-day moving average price is $46.10 and its two-hundred day moving average price is $45.94. First Trust Senior Loan ETF has a one year low of $44.53 and a one year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.60 annualized dividend and a yield of 7.79%.

First Trust Senior Loan ETF 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.