Welch & Forbes LLC Sells 65,089 Shares of First Trust Senior Loan ETF $FTSL

Welch & Forbes LLC trimmed its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 9.3% during the 1st quarter, HoldingsChannel reports. The firm owned 631,873 shares of the company’s stock after selling 65,089 shares during the period. Welch & Forbes LLC’s holdings in First Trust Senior Loan ETF were worth $28,308,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Triumph Capital Management bought a new position in shares of First Trust Senior Loan ETF in the 3rd quarter worth approximately $26,000. Smartleaf Asset Management LLC purchased a new position in shares of First Trust Senior Loan ETF in the fourth quarter worth approximately $30,000. Raleigh Capital Management Inc. bought a new stake in First Trust Senior Loan ETF during the first quarter valued at approximately $30,000. Sound Income Strategies LLC grew its position in 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 valued at $46,000 after buying an additional 599 shares during the period. Finally, TD Private Client Wealth LLC purchased a new stake in First Trust Senior Loan ETF during the fourth quarter valued at approximately $48,000.

First Trust Senior Loan ETF Stock Up 0.1%

FTSL traded up $0.05 during trading on Friday, hitting $44.92. The company’s stock had a trading volume of 115,685 shares, compared to its average volume of 308,642. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.19. The business’s 50 day simple moving average is $44.97 and its 200-day simple moving average is $45.19.

First Trust Senior Loan ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 25th.

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.