First Trust Senior Loan ETF Announces Monthly Dividend of $0.23 (NASDAQ:FTSL)

First Trust Senior Loan ETF (NASDAQ:FTSL) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.225 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Thursday, September 24th.

First Trust Senior Loan ETF Trading Down 0.5%

FTSL stock traded down $0.21 on Thursday, hitting $44.73. The company had a trading volume of 12,215 shares, compared to its average volume of 286,715. First Trust Senior Loan ETF has a 12-month low of $44.37 and a 12-month high of $46.13. The stock’s 50-day simple moving average is $44.89 and its 200 day simple moving average is $44.93.

Institutional Trading of First Trust Senior Loan ETF

Large investors have recently modified their holdings of the company. First Trust Advisors LP increased its position in First Trust Senior Loan ETF by 15.7% during the first quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock valued at $57,097,000 after acquiring an additional 173,354 shares during the last quarter. One Capital Management LLC boosted its position in First Trust Senior Loan ETF by 11.3% in the fourth 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. Envestnet Asset Management Inc. grew its stake in shares of First Trust Senior Loan ETF by 5.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 884,010 shares of the company’s stock valued at $39,559,000 after purchasing an additional 47,005 shares during the period. Welch & Forbes LLC grew its holdings in First Trust Senior Loan ETF by 2.8% during the fourth quarter. Welch & Forbes LLC now owns 696,962 shares of the company’s stock valued at $31,977,000 after purchasing an additional 18,753 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in First Trust Senior Loan ETF by 107.3% during the second quarter. Concurrent Investment Advisors LLC now owns 593,455 shares of the company’s stock valued at $26,557,000 after purchasing an additional 307,204 shares during the period.

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.