Northwestern Mutual Wealth Management Co. Grows Stock Position in First Trust Senior Loan ETF $FTSL

Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 7,657.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 898,262 shares of the company’s stock after buying an additional 886,682 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 1.75% of First Trust Senior Loan ETF worth $44,125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTSL. Concurrent Investment Advisors LLC raised its stake in First Trust Senior Loan ETF by 1,473.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 313,785 shares of the company’s stock valued at $14,396,000 after buying an additional 293,847 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in First Trust Senior Loan ETF by 2,111,777.8% in the second quarter. Tower Research Capital LLC TRC now owns 190,069 shares of the company’s stock valued at $8,722,000 after buying an additional 190,060 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in First Trust Senior Loan ETF in the first quarter valued at about $5,254,000. Jane Street Group LLC raised its stake in First Trust Senior Loan ETF by 36.9% in the second quarter. Jane Street Group LLC now owns 330,940 shares of the company’s stock valued at $15,187,000 after buying an additional 89,151 shares during the last quarter. Finally, Aurora Private Wealth Inc. purchased a new stake in First Trust Senior Loan ETF in the fourth quarter valued at about $3,912,000.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ:FTSL opened at $45.13 on Tuesday. First Trust Senior Loan ETF has a 52-week low of $44.37 and a 52-week high of $46.19. The business has a 50-day moving average price of $45.00 and a 200-day moving average price of $45.45.

First Trust Senior Loan ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were paid a $0.235 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Tuesday, April 21st.

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. FTSL was launched on May 1, 2013 and is managed by First Trust.