GGM Financials LLC Takes Position in First Trust Senior Loan ETF $FTSL

GGM Financials LLC acquired a new stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the second quarter, Holdings Channel.com reports. The fund acquired 9,323 shares of the company’s stock, valued at approximately $428,000.

Other hedge funds also recently made changes to their positions in the company. Comerica Bank raised its stake in shares of First Trust Senior Loan ETF by 9.4% during the first quarter. Comerica Bank now owns 55,417 shares of the company’s stock valued at $2,530,000 after purchasing an additional 4,755 shares during the period. Sand Hill Global Advisors LLC acquired a new stake in shares of First Trust Senior Loan ETF during the first quarter worth approximately $838,000. Huntleigh Advisors Inc. grew its position in shares of First Trust Senior Loan ETF by 10.6% during the second quarter. Huntleigh Advisors Inc. now owns 70,321 shares of the company’s stock worth $3,227,000 after buying an additional 6,766 shares in the last quarter. Asset Allocation & Management Company LLC grew its position in shares of First Trust Senior Loan ETF by 8.6% during the second quarter. Asset Allocation & Management Company LLC now owns 126,840 shares of the company’s stock worth $5,821,000 after buying an additional 10,000 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of First Trust Senior Loan ETF by 6.3% during the first quarter. Concurrent Investment Advisors LLC now owns 150,834 shares of the company’s stock worth $6,886,000 after buying an additional 8,942 shares in the last quarter.

First Trust Senior Loan ETF Price Performance

FTSL stock opened at $45.74 on Tuesday. First Trust Senior Loan ETF has a twelve month low of $44.30 and a twelve month high of $46.55. The firm has a 50 day simple moving average of $45.90 and a 200-day simple moving average of $45.86.

First Trust Senior Loan ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

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.