Wedbush Securities Inc. Lowers Position in First Trust Senior Loan ETF $FTSL

Wedbush Securities Inc. decreased its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 17.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,478 shares of the company’s stock after selling 2,240 shares during the period. Wedbush Securities Inc.’s holdings in First Trust Senior Loan ETF were worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in shares of First Trust Senior Loan ETF by 3.0% in the 1st quarter. LPL Financial LLC now owns 1,976,404 shares of the company’s stock valued at $90,223,000 after acquiring an additional 57,023 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Senior Loan ETF by 6.4% in the first quarter. Raymond James Financial Inc. now owns 1,539,336 shares of the company’s stock worth $70,271,000 after purchasing an additional 92,034 shares during the last quarter. Welch & Forbes LLC increased its position in shares of First Trust Senior Loan ETF by 3.3% in the second quarter. Welch & Forbes LLC now owns 682,178 shares of the company’s stock worth $31,305,000 after purchasing an additional 21,844 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in First Trust Senior Loan ETF by 9.8% in the first quarter. Kovitz Investment Group Partners LLC now owns 641,010 shares of the company’s stock valued at $29,262,000 after purchasing an additional 57,021 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in First Trust Senior Loan ETF by 60.2% during the first quarter. Cetera Investment Advisers now owns 424,613 shares of the company’s stock valued at $19,384,000 after purchasing an additional 159,525 shares during the last quarter.

First Trust Senior Loan ETF Price Performance

FTSL stock opened at $45.93 on Wednesday. The firm has a 50 day simple moving average of $45.88 and a two-hundred day simple moving average of $45.91. First Trust Senior Loan ETF has a one year low of $44.30 and a one year high of $46.55.

First Trust Senior Loan ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were given a $0.245 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 6.4%.

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.