Endowment Wealth Management Inc. Has $2.68 Million Stake in First Trust Senior Loan ETF $FTSL

Endowment Wealth Management Inc. increased its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 25.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,386 shares of the company’s stock after acquiring an additional 12,006 shares during the quarter. First Trust Senior Loan ETF accounts for approximately 1.2% of Endowment Wealth Management Inc.’s portfolio, making the stock its 24th largest position. Endowment Wealth Management Inc. owned approximately 0.11% of First Trust Senior Loan ETF worth $2,676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FTSL. OneAscent Wealth Management LLC boosted its position in shares of First Trust Senior Loan ETF by 8.4% during the 2nd quarter. OneAscent Wealth Management LLC now owns 52,093 shares of the company’s stock worth $2,391,000 after purchasing an additional 4,054 shares in the last quarter. Western Wealth Management LLC boosted its holdings in First Trust Senior Loan ETF by 11.0% in the second quarter. Western Wealth Management LLC now owns 17,414 shares of the company’s stock worth $799,000 after acquiring an additional 1,732 shares in the last quarter. Mayflower Financial Advisors LLC bought a new position in First Trust Senior Loan ETF in the third quarter worth approximately $879,000. Flaharty Asset Management LLC grew its stake in First Trust Senior Loan ETF by 1.1% in the second quarter. Flaharty Asset Management LLC now owns 723,967 shares of the company’s stock valued at $33,223,000 after acquiring an additional 8,215 shares during the period. Finally, HBW Advisory Services LLC grew its stake in First Trust Senior Loan ETF by 66.1% in the third quarter. HBW Advisory Services LLC now owns 29,393 shares of the company’s stock valued at $1,347,000 after acquiring an additional 11,693 shares during the period.

First Trust Senior Loan ETF Stock Performance

NASDAQ FTSL opened at $45.35 on Wednesday. First Trust Senior Loan ETF has a 52 week low of $44.30 and a 52 week high of $46.30. The business has a 50 day moving average price of $45.83 and a 200-day moving average price of $45.88.

First Trust Senior Loan ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 6.4%.

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.