First Trust Senior Loan ETF (NASDAQ:FTSL) Announces Monthly Dividend of $0.24

First Trust Senior Loan ETF (NASDAQ:FTSL) declared a monthly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Investors of record on Thursday, March 26th will be paid a dividend of 0.235 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust Senior Loan ETF Stock Performance

FTSL traded down $0.33 on Thursday, reaching $44.67. 233,173 shares of the company traded hands, compared to its average volume of 333,625. The stock’s 50 day moving average price is $45.24 and its 200-day moving average price is $45.67. First Trust Senior Loan ETF has a 52-week low of $44.30 and a 52-week high of $46.19.

Hedge Funds Weigh In On First Trust Senior Loan ETF

Several institutional investors and hedge funds have recently modified their holdings of FTSL. New England Private Wealth Advisors LLC raised its holdings in shares of First Trust Senior Loan ETF by 2,022.3% during the fourth quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock worth $81,455,000 after acquiring an additional 1,691,007 shares in the last quarter. Raymond James Financial Inc. boosted its position in First Trust Senior Loan ETF by 4.0% during the third quarter. Raymond James Financial Inc. now owns 1,563,161 shares of the company’s stock valued at $71,655,000 after purchasing an additional 60,649 shares during the last quarter. Royal Bank of Canada grew its stake in First Trust Senior Loan ETF by 1.6% in the fourth quarter. Royal Bank of Canada now owns 1,550,685 shares of the company’s stock valued at $71,145,000 after purchasing an additional 25,058 shares in the last quarter. One Capital Management LLC increased its position in First Trust Senior Loan ETF by 11.3% in the 4th quarter. One Capital Management LLC now owns 1,263,061 shares of the company’s stock worth $57,949,000 after purchasing an additional 128,141 shares during the last quarter. Finally, First Trust Advisors LP increased its position in First Trust Senior Loan ETF by 7.2% in the 2nd quarter. First Trust Advisors LP now owns 1,200,153 shares of the company’s stock worth $55,104,000 after purchasing an additional 80,291 shares during the last quarter.

About First Trust Senior Loan ETF

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.