LVZ Inc. Raises Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

LVZ Inc. boosted its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 17.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,074 shares of the company’s stock after buying an additional 736 shares during the period. LVZ Inc.’s holdings in First Trust Senior Loan ETF were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Tidemark LLC acquired a new stake in shares of First Trust Senior Loan ETF during the 4th quarter valued at about $33,000. Assetmark Inc. raised its position in First Trust Senior Loan ETF by 189.5% in the fourth quarter. Assetmark Inc. now owns 770 shares of the company’s stock valued at $35,000 after purchasing an additional 504 shares during the period. Sachetta LLC acquired a new position in shares of First Trust Senior Loan ETF during the 4th quarter worth about $61,000. Consultiva Wealth Management CORP. acquired a new stake in shares of First Trust Senior Loan ETF during the first quarter worth about $100,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of First Trust Senior Loan ETF during the second quarter worth approximately $115,000.

First Trust Senior Loan ETF Stock Performance

FTSL traded up $0.05 during midday trading on Friday, reaching $45.88. 130,150 shares of the company’s stock were exchanged, compared to its average volume of 283,558. The business’s 50-day moving average price is $45.94 and its 200 day moving average price is $46.08. First Trust Senior Loan ETF has a 1-year low of $45.01 and a 1-year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.59%.

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.