IVC Wealth Advisors LLC Sells 689 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

IVC Wealth Advisors LLC lessened its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,219 shares of the company’s stock after selling 689 shares during the quarter. IVC Wealth Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $565,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Global Assets Advisory LLC lifted its holdings in shares of First Trust Senior Loan ETF by 4,518.0% in the 1st 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. International Assets Investment Management LLC lifted its holdings in shares of First Trust Senior Loan ETF by 3,740.3% in the 4th quarter. International Assets Investment Management LLC now owns 452,585 shares of the company’s stock valued at $20,851,000 after buying an additional 440,800 shares during the period. Hikari Tsushin Inc. acquired a new position in First Trust Senior Loan ETF in the 4th quarter worth about $9,550,000. Raymond James Financial Services Advisors Inc. increased its stake in 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 worth $42,443,000 after buying an additional 199,059 shares in the last quarter. Finally, Tower Wealth Partners Inc. purchased a new stake in First Trust Senior Loan ETF during the 4th quarter worth approximately $8,841,000.

First Trust Senior Loan ETF Price Performance

Shares of FTSL stock traded up $0.06 during trading hours on Wednesday, reaching $45.85. The company had a trading volume of 80,023 shares, compared to its average volume of 288,948. The stock has a fifty day moving average of $46.06 and a 200-day moving average of $46.10. First Trust Senior Loan ETF has a 12-month low of $45.01 and a 12-month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

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.