Nations Financial Group Inc. IA ADV Has $7.34 Million Position in First Trust Senior Loan ETF $FTSL

Nations Financial Group Inc. IA ADV increased its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,889 shares of the company’s stock after buying an additional 12,394 shares during the period. Nations Financial Group Inc. IA ADV owned about 0.31% of First Trust Senior Loan ETF worth $7,336,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Triumph Capital Management bought a new position in First Trust Senior Loan ETF during the 3rd quarter worth approximately $26,000. Pinnacle Bancorp Inc. raised its holdings in First Trust Senior Loan ETF by 233.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $50,000 after purchasing an additional 763 shares during the last quarter. Montag A & Associates Inc. bought a new position in First Trust Senior Loan ETF during the 3rd quarter worth approximately $95,000. National Bank of Canada FI bought a new position in First Trust Senior Loan ETF during the 3rd quarter worth approximately $128,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in First Trust Senior Loan ETF during the 3rd quarter worth approximately $137,000.

First Trust Senior Loan ETF Stock Performance

First Trust Senior Loan ETF stock opened at $45.07 on Thursday. First Trust Senior Loan ETF has a 52-week low of $44.37 and a 52-week high of $46.19. The firm has a 50 day moving average price of $44.98 and a two-hundred day moving average price of $45.55.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.235 dividend. The ex-dividend date was Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 6.3%.

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.