Flagstar Advisors Inc. Reduces Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Flagstar Advisors Inc. lowered its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 18.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 50,808 shares of the company’s stock after selling 11,130 shares during the quarter. Flagstar Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $2,348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FTSL. McNaughton Wealth Management LLC increased its position in First Trust Senior Loan ETF by 4.9% during the first quarter. McNaughton Wealth Management LLC now owns 61,624 shares of the company’s stock valued at $2,848,000 after acquiring an additional 2,872 shares during the last quarter. Global Assets Advisory LLC boosted its position in shares of First Trust Senior Loan ETF by 4,518.0% during the first quarter. Global Assets Advisory LLC now owns 476,116 shares of the company’s stock valued at $22,001,000 after buying an additional 465,806 shares during the period. &PARTNERS bought a new position in shares of First Trust Senior Loan ETF during the first quarter valued at approximately $617,000. RFG Advisory LLC raised its holdings in shares of First Trust Senior Loan ETF by 7.9% in the first quarter. RFG Advisory LLC now owns 165,796 shares of the company’s stock worth $7,661,000 after buying an additional 12,075 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of First Trust Senior Loan ETF by 23.3% during the 1st quarter. Park Avenue Securities LLC now owns 37,375 shares of the company’s stock worth $1,727,000 after acquiring an additional 7,067 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

First Trust Senior Loan ETF stock traded up $0.01 during mid-day trading on Wednesday, hitting $46.00. The company’s stock had a trading volume of 146,277 shares, compared to its average volume of 292,613. First Trust Senior Loan ETF has a one year low of $45.01 and a one year high of $46.99. The company has a 50 day moving average of $46.10 and a 200-day moving average of $46.11.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 22nd were paid a $0.2925 dividend. The ex-dividend date was Tuesday, May 21st.

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.