Telemus Capital LLC Buys 18,256 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Telemus Capital LLC boosted its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 450,223 shares of the company’s stock after acquiring an additional 18,256 shares during the period. First Trust Senior Loan ETF accounts for approximately 1.7% of Telemus Capital LLC’s holdings, making the stock its 15th biggest holding. Telemus Capital LLC owned 0.94% of First Trust Senior Loan ETF worth $20,742,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FTSL. International Assets Investment Management LLC boosted its holdings in First Trust Senior Loan ETF by 3,740.3% in the fourth quarter. International Assets Investment Management LLC now owns 452,585 shares of the company’s stock valued at $20,851,000 after acquiring an additional 440,800 shares in the last quarter. Wright Fund Management LLC bought a new stake in shares of First Trust Senior Loan ETF during the 3rd quarter valued at $11,421,000. One Capital Management LLC boosted its holdings in shares of First Trust Senior Loan ETF by 26.4% during the 3rd quarter. One Capital Management LLC now owns 981,470 shares of the company’s stock valued at $44,892,000 after buying an additional 205,280 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of First Trust Senior Loan ETF by 27.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 921,265 shares of the company’s stock valued at $42,443,000 after buying an additional 199,059 shares in the last quarter. Finally, Tower Wealth Partners Inc. bought a new stake in shares of First Trust Senior Loan ETF during the 4th quarter valued at $8,841,000.

First Trust Senior Loan ETF Trading Up 0.2 %

Shares of First Trust Senior Loan ETF stock opened at $46.28 on Tuesday. The firm’s 50-day moving average is $46.18 and its 200 day moving average is $45.99. First Trust Senior Loan ETF has a 1 year low of $44.53 and a 1 year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a $0.30 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date was Thursday, March 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.