Tanager Wealth Management LLP Sells 7,516 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Tanager Wealth Management LLP lowered its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 58.3% during the fourth quarter, HoldingsChannel reports. The fund owned 5,386 shares of the company’s stock after selling 7,516 shares during the quarter. Tanager Wealth Management LLP’s holdings in First Trust Senior Loan ETF were worth $248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. acquired a new position in First Trust Senior Loan ETF during the 4th quarter worth about $36,000. PNC Financial Services Group Inc. lifted its holdings in First Trust Senior Loan ETF by 74.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 802 shares of the company’s stock worth $38,000 after buying an additional 342 shares during the period. CENTRAL TRUST Co lifted its holdings in First Trust Senior Loan ETF by 104.0% during the 3rd quarter. CENTRAL TRUST Co now owns 2,046 shares of the company’s stock worth $90,000 after buying an additional 1,043 shares during the period. Consultiva Wealth Management CORP. acquired a new position in First Trust Senior Loan ETF during the 3rd quarter worth about $99,000. Finally, Sunbelt Securities Inc. acquired a new position in First Trust Senior Loan ETF during the 1st quarter worth about $122,000.

First Trust Senior Loan ETF Stock Down 0.1 %

FTSL traded down $0.04 during midday trading on Friday, hitting $46.18. 129,162 shares of the company were exchanged, compared to its average volume of 328,676. First Trust Senior Loan ETF has a 1-year low of $44.53 and a 1-year high of $46.99. The firm’s 50 day moving average price is $46.18 and its 200-day moving average price is $45.98.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a $0.30 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend was Thursday, March 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.