Tower Wealth Partners Inc. Increases Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Tower Wealth Partners Inc. boosted its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 17.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,566 shares of the company’s stock after purchasing an additional 33,841 shares during the quarter. First Trust Senior Loan ETF makes up about 6.5% of Tower Wealth Partners Inc.’s investment portfolio, making the stock its 9th largest holding. Tower Wealth Partners Inc.’s holdings in First Trust Senior Loan ETF were worth $10,585,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FTSL. DHK Financial Advisors Inc. boosted its stake in First Trust Senior Loan ETF by 1.9% in the second quarter. DHK Financial Advisors Inc. now owns 53,407 shares of the company’s stock valued at $2,441,000 after acquiring an additional 1,005 shares during the period. One Capital Management LLC lifted its holdings in shares of First Trust Senior Loan ETF by 4.7% in the 2nd quarter. One Capital Management LLC now owns 1,362,059 shares of the company’s stock worth $62,260,000 after purchasing an additional 60,909 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in First Trust Senior Loan ETF by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 728,333 shares of the company’s stock valued at $33,292,000 after purchasing an additional 73,314 shares during the period. CoreCap Advisors LLC acquired a new position in First Trust Senior Loan ETF during the 2nd quarter valued at approximately $1,675,000. Finally, Oppenheimer & Co. Inc. grew its stake in First Trust Senior Loan ETF by 13.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 42,590 shares of the company’s stock worth $1,947,000 after buying an additional 5,079 shares during the last quarter.

First Trust Senior Loan ETF Stock Up 0.1 %

Shares of NASDAQ FTSL opened at $46.14 on Tuesday. First Trust Senior Loan ETF has a 1-year low of $45.01 and a 1-year high of $46.99. The business’s fifty day moving average price is $45.96 and its two-hundred day moving average price is $46.06.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were issued a $0.29 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.54%.

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.