Welch & Forbes LLC Grows Holdings in First Trust Senior Loan ETF $FTSL

Welch & Forbes LLC increased its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 696,962 shares of the company’s stock after buying an additional 18,753 shares during the period. Welch & Forbes LLC’s holdings in First Trust Senior Loan ETF were worth $31,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in First Trust Senior Loan ETF by 10.5% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 172,645 shares of the company’s stock worth $7,914,000 after buying an additional 16,409 shares during the period. Assetmark Inc. increased its stake in First Trust Senior Loan ETF by 114.7% during the 3rd quarter. Assetmark Inc. now owns 93,582 shares of the company’s stock worth $4,290,000 after buying an additional 49,990 shares during the period. Algorithmic Investment Models LLC purchased a new stake in First Trust Senior Loan ETF during the 3rd quarter worth $2,456,000. Lion Street Advisors LLC purchased a new stake in First Trust Senior Loan ETF during the 3rd quarter worth $1,174,000. Finally, TD Waterhouse Canada Inc. acquired a new position in First Trust Senior Loan ETF during the 4th quarter worth $679,000.

First Trust Senior Loan ETF Price Performance

Shares of FTSL stock opened at $44.94 on Friday. First Trust Senior Loan ETF has a 1-year low of $44.37 and a 1-year high of $46.19. The firm has a fifty day moving average of $45.01 and a two-hundred day moving average of $45.40.

First Trust Senior Loan ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were issued a $0.235 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, May 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.