First Trust Senior Loan ETF (NASDAQ:FTSL) Sets New 1-Year Low – Should You Sell?

First Trust Senior Loan ETF (NASDAQ:FTSL)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $44.23 and last traded at $44.23, with a volume of 135 shares changing hands. The stock had previously closed at $44.70.

First Trust Senior Loan ETF Price Performance

The firm’s fifty day moving average price is $45.03 and its 200-day moving average price is $45.26.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a $0.23 dividend. The ex-dividend date is Thursday, June 25th.

Hedge Funds Weigh In On First Trust Senior Loan ETF

Several institutional investors have recently modified their holdings of the business. Triumph Capital Management bought a new stake in First Trust Senior Loan ETF during the 3rd quarter worth approximately $26,000. Raleigh Capital Management Inc. acquired a new position in shares of First Trust Senior Loan ETF in the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC acquired a new position in shares of First Trust Senior Loan ETF in the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC increased its position in shares of First Trust Senior Loan ETF by 140.3% during the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after acquiring an additional 599 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in shares of First Trust Senior Loan ETF during the fourth quarter worth $48,000.

About First Trust Senior Loan ETF

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.