First Trust Senior Loan ETF (NASDAQ:FTSL) Hits New 52-Week Low – Time to Sell?

First Trust Senior Loan ETF (NASDAQ:FTSL)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $43.77 and last traded at $43.77, with a volume of 567 shares. The stock had previously closed at $44.88.

First Trust Senior Loan ETF Stock Down 0.0%

The stock has a fifty day moving average price of $45.02 and a 200 day moving average price of $45.34.

First Trust Senior Loan ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New England Private Wealth Advisors LLC increased its holdings in shares of First Trust Senior Loan ETF by 2,022.3% in the 4th quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock valued at $81,455,000 after acquiring an additional 1,691,007 shares during the period. Raymond James Financial Inc. grew its stake in First Trust Senior Loan ETF by 4.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,563,161 shares of the company’s stock worth $71,655,000 after buying an additional 60,649 shares during the last quarter. Royal Bank of Canada grew its stake in First Trust Senior Loan ETF by 1.6% during the 4th quarter. Royal Bank of Canada now owns 1,550,685 shares of the company’s stock worth $71,145,000 after buying an additional 25,058 shares during the last quarter. First Trust Advisors LP grew its stake in First Trust Senior Loan ETF by 15.7% during the 1st quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock worth $57,097,000 after buying an additional 173,354 shares during the last quarter. Finally, One Capital Management LLC grew its stake in First Trust Senior Loan ETF by 11.3% during the 4th quarter. One Capital Management LLC now owns 1,263,061 shares of the company’s stock worth $57,949,000 after buying an additional 128,141 shares during the last quarter.

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