Cetera Investment Advisers Has $14.93 Million Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Cetera Investment Advisers boosted its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 424.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,042 shares of the company’s stock after purchasing an additional 261,397 shares during the period. Cetera Investment Advisers’ holdings in First Trust Senior Loan ETF were worth $14,928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FTSL. Atria Investments Inc increased its holdings in shares of First Trust Senior Loan ETF by 27.2% during the 1st quarter. Atria Investments Inc now owns 28,349 shares of the company’s stock worth $1,310,000 after acquiring an additional 6,054 shares during the last quarter. Adams Wealth Management grew its position in shares of First Trust Senior Loan ETF by 18.7% during the 1st quarter. Adams Wealth Management now owns 97,887 shares of the company’s stock worth $4,523,000 after purchasing an additional 15,418 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in First Trust Senior Loan ETF during the 1st quarter worth $4,621,000. Clear Point Advisors Inc. raised its holdings in First Trust Senior Loan ETF by 1.4% in the 1st quarter. Clear Point Advisors Inc. now owns 35,720 shares of the company’s stock valued at $1,651,000 after acquiring an additional 485 shares in the last quarter. Finally, Consultiva Wealth Management CORP. bought a new stake in First Trust Senior Loan ETF during the first quarter worth about $100,000.

First Trust Senior Loan ETF Trading Down 0.2 %

NASDAQ FTSL opened at $45.86 on Friday. The firm’s 50 day simple moving average is $46.01 and its 200 day simple moving average is $46.08. First Trust Senior Loan ETF has a 1 year low of $45.01 and a 1 year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, June 27th.

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.