J.W. Cole Advisors Inc. Sells 254 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

J.W. Cole Advisors Inc. lowered its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 0.3% in the fourth quarter, Holdings Channel reports. The fund owned 82,939 shares of the company’s stock after selling 254 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $3,821,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FTSL. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 29,925 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of First Trust Senior Loan ETF by 74.3% in the 1st 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 period. Bank of Montreal Can boosted its stake in shares of First Trust Senior Loan ETF by 563.0% in the 1st quarter. Bank of Montreal Can now owns 21,124 shares of the company’s stock valued at $995,000 after purchasing an additional 17,938 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of First Trust Senior Loan ETF by 80.4% during the first quarter. Raymond James Trust N.A. now owns 15,603 shares of the company’s stock worth $734,000 after buying an additional 6,953 shares during the period. Finally, NewEdge Advisors LLC raised its stake in First Trust Senior Loan ETF by 10.8% during the first quarter. NewEdge Advisors LLC now owns 70,716 shares of the company’s stock worth $3,327,000 after buying an additional 6,885 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

FTSL traded down $0.04 during trading on Friday, reaching $46.18. 129,162 shares of the stock traded hands, compared to its average volume of 328,676. The stock’s 50-day moving average is $46.18 and its 200 day moving average is $45.98. First Trust Senior Loan ETF has a 12 month low of $44.53 and a 12 month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 28th. Investors 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 7.80%.

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.