Envestnet Portfolio Solutions Inc. Grows Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Envestnet Portfolio Solutions Inc. raised its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 155.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,990 shares of the company’s stock after purchasing an additional 38,357 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.12% of First Trust Senior Loan ETF worth $2,913,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust Senior Loan ETF in the fourth quarter worth approximately $66,923,000. One Capital Management LLC increased its stake in First Trust Senior Loan ETF by 2.0% in the fourth quarter. One Capital Management LLC now owns 1,016,160 shares of the company’s stock worth $46,987,000 after purchasing an additional 19,482 shares during the period. Flaharty Asset Management LLC lifted its position in shares of First Trust Senior Loan ETF by 1.4% during the fourth quarter. Flaharty Asset Management LLC now owns 755,299 shares of the company’s stock worth $34,925,000 after purchasing an additional 10,700 shares during the last quarter. Welch & Forbes LLC boosted its stake in shares of First Trust Senior Loan ETF by 1.7% during the fourth quarter. Welch & Forbes LLC now owns 633,271 shares of the company’s stock valued at $29,282,000 after purchasing an additional 10,565 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of First Trust Senior Loan ETF by 12.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 582,473 shares of the company’s stock worth $26,730,000 after purchasing an additional 64,467 shares during the last quarter.

First Trust Senior Loan ETF Trading Up 0.1 %

Shares of FTSL opened at $45.94 on Thursday. First Trust Senior Loan ETF has a 1-year low of $45.23 and a 1-year high of $46.99. The company has a 50-day moving average of $46.16 and a 200 day moving average of $46.18.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.2625 dividend. The ex-dividend date of this dividend was Friday, February 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.