First Trust Senior Loan ETF (NASDAQ:FTSL) Shares Purchased by Flagstar Advisors Inc.

Flagstar Advisors Inc. boosted its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 361.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,938 shares of the company’s stock after purchasing an additional 48,508 shares during the period. Flagstar Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $2,854,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in First Trust Senior Loan ETF by 42.3% in the 1st quarter. UBS Group AG now owns 2,592,314 shares of the company’s stock valued at $121,968,000 after buying an additional 770,651 shares during the last quarter. Jane Street Group LLC purchased a new position in First Trust Senior Loan ETF in the 1st quarter valued at about $34,122,000. Royal Bank of Canada boosted its position in First Trust Senior Loan ETF by 28.9% in the 1st quarter. Royal Bank of Canada now owns 3,031,325 shares of the company’s stock valued at $142,624,000 after buying an additional 680,339 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its position in First Trust Senior Loan ETF by 118.9% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 556,200 shares of the company’s stock valued at $25,229,000 after buying an additional 302,114 shares during the last quarter. Finally, Wright Fund Management LLC purchased a new position in First Trust Senior Loan ETF in the 3rd quarter valued at about $11,421,000.

First Trust Senior Loan ETF Stock Performance

NASDAQ:FTSL traded up $0.03 on Friday, reaching $46.21. The stock had a trading volume of 455,167 shares, compared to its average volume of 332,696. First Trust Senior Loan ETF has a 12-month low of $44.53 and a 12-month high of $46.99. The company has a 50-day moving average of $46.11 and a 200 day moving average of $45.94.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.60 annualized dividend and a dividend yield of 7.79%.

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.