Welch & Forbes LLC Sells 19,122 Shares of First Trust Senior Loan ETF $FTSL

Welch & Forbes LLC cut its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 578,029 shares of the company’s stock after selling 19,122 shares during the quarter. Welch & Forbes LLC’s holdings in First Trust Senior Loan ETF were worth $25,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC lifted its position in First Trust Senior Loan ETF by 18.0% during the second quarter. NewEdge Advisors LLC now owns 300,787 shares of the company’s stock valued at $13,460,000 after purchasing an additional 45,806 shares during the last quarter. Compass Financial Management LLC bought a new position in shares of First Trust Senior Loan ETF during the second quarter valued at about $1,212,000. Andina Capital Management LLC bought a new position in First Trust Senior Loan ETF during the 2nd quarter worth approximately $1,169,000. CoreCap Advisors LLC increased its stake in shares of First Trust Senior Loan ETF by 27.9% in the third quarter. CoreCap Advisors LLC now owns 181,832 shares of the company’s stock worth $8,104,000 after buying an additional 39,686 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of First Trust Senior Loan ETF by 35.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 43,637 shares of the company’s stock valued at $1,953,000 after acquiring an additional 11,427 shares during the last quarter.

First Trust Senior Loan ETF Trading Up 0.4%

NASDAQ FTSL opened at $44.68 on Tuesday. First Trust Senior Loan ETF has a fifty-two week low of $44.25 and a fifty-two week high of $46.09. The stock has a 50 day simple moving average of $44.68 and a two-hundred day simple moving average of $44.92.

First Trust Senior Loan ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were issued a dividend of $0.2250 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Wednesday, October 21st.

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.