TL Private Wealth Boosts Position in First Trust Senior Loan ETF $FTSL

TL Private Wealth grew its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 579,910 shares of the company’s stock after acquiring an additional 41,544 shares during the quarter. First Trust Senior Loan ETF comprises about 9.5% of TL Private Wealth’s investment portfolio, making the stock its 4th largest holding. TL Private Wealth owned about 1.12% of First Trust Senior Loan ETF worth $25,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FTSL. Brighton Jones LLC lifted its position in First Trust Senior Loan ETF by 22.4% in the 4th quarter. Brighton Jones LLC now owns 5,860 shares of the company’s stock valued at $271,000 after purchasing an additional 1,073 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in First Trust Senior Loan ETF in the 1st quarter worth about $5,254,000. Qube Research & Technologies Ltd grew its position in First Trust Senior Loan ETF by 111.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,251 shares of the company’s stock worth $149,000 after purchasing an additional 1,714 shares during the last quarter. Betterment LLC increased its stake in shares of First Trust Senior Loan ETF by 9.0% in the second quarter. Betterment LLC now owns 8,957 shares of the company’s stock valued at $411,000 after purchasing an additional 741 shares during the period. Finally, Ausdal Financial Partners Inc. increased its stake in shares of First Trust Senior Loan ETF by 316.0% in the second quarter. Ausdal Financial Partners Inc. now owns 23,860 shares of the company’s stock valued at $1,095,000 after purchasing an additional 18,125 shares during the period.

First Trust Senior Loan ETF Stock Up 0.1%

FTSL opened at $44.92 on Friday. The business’s 50 day moving average is $44.87 and its 200-day moving average is $45.03. First Trust Senior Loan ETF has a twelve month low of $44.37 and a twelve month high of $46.15.

First Trust Senior Loan ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a $0.225 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date was Tuesday, July 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.