First Trust Senior Loan ETF $FTSL Shares Sold by Virtue Capital Management LLC

Virtue Capital Management LLC lessened its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 20.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 508,126 shares of the company’s stock after selling 129,734 shares during the period. First Trust Senior Loan ETF accounts for 2.9% of Virtue Capital Management LLC’s portfolio, making the stock its 4th largest position. Virtue Capital Management LLC owned 0.91% of First Trust Senior Loan ETF worth $22,647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Continuum Advisory LLC bought a new stake in First Trust Senior Loan ETF in the second quarter valued at approximately $28,000. Raleigh Capital Management Inc. bought a new position in First Trust Senior Loan ETF during the 1st quarter worth $30,000. Sound Income Strategies LLC increased its position in First Trust Senior Loan ETF by 140.3% during the 1st quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after buying an additional 599 shares during the period. Tucker Asset Management LLC increased its position in First Trust Senior Loan ETF by 1,925.3% during the 2nd quarter. Tucker Asset Management LLC now owns 1,843 shares of the company’s stock worth $82,000 after buying an additional 1,752 shares during the period. Finally, SYM FINANCIAL Corp bought a new position in First Trust Senior Loan ETF during the 3rd quarter worth $98,000.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock opened at $44.49 on Monday. The firm has a 50-day moving average of $44.71 and a 200-day moving average of $44.96. First Trust Senior Loan ETF has a 52-week low of $44.25 and a 52-week high of $46.09.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were given a dividend of $0.2250 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.1%. 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.