Private Portfolio Partners LLC Buys 3,849 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Private Portfolio Partners LLC grew its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,058 shares of the company’s stock after acquiring an additional 3,849 shares during the quarter. Private Portfolio Partners LLC owned 0.10% of First Trust Senior Loan ETF worth $2,315,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTSL. PNC Financial Services Group Inc. acquired a new stake in First Trust Senior Loan ETF during the 4th quarter worth $25,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of First Trust Senior Loan ETF in the fourth quarter worth about $32,000. DHJJ Financial Advisors Ltd. raised its position in shares of First Trust Senior Loan ETF by 377.2% during the fourth quarter. DHJJ Financial Advisors Ltd. now owns 773 shares of the company’s stock worth $36,000 after purchasing an additional 611 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of First Trust Senior Loan ETF during the 4th quarter valued at about $36,000. Finally, Global Retirement Partners LLC grew its position in shares of First Trust Senior Loan ETF by 27.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,954 shares of the company’s stock valued at $137,000 after purchasing an additional 635 shares during the period.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL stock opened at $45.64 on Wednesday. First Trust Senior Loan ETF has a 52 week low of $45.23 and a 52 week high of $46.55. The company’s 50 day moving average price is $46.06 and its two-hundred day moving average price is $46.17.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.26 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend was Thursday, March 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.