Milestone Asset Management LLC Purchases New Shares in First Trust Senior Loan ETF (NASDAQ:FTSL)

Milestone Asset Management LLC acquired a new stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) in the 2nd quarter, Holdings Channel reports. The firm acquired 54,662 shares of the company’s stock, valued at approximately $2,499,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FTSL. Western Wealth Management LLC grew its position in First Trust Senior Loan ETF by 8.6% in the fourth quarter. Western Wealth Management LLC now owns 53,923 shares of the company’s stock worth $2,484,000 after acquiring an additional 4,281 shares in the last quarter. CWM LLC boosted its holdings in shares of First Trust Senior Loan ETF by 35.2% in the 4th quarter. CWM LLC now owns 287,502 shares of the company’s stock worth $13,245,000 after purchasing an additional 74,921 shares during the period. Telemus Capital LLC increased its position in shares of First Trust Senior Loan ETF by 4.2% during the 4th quarter. Telemus Capital LLC now owns 450,223 shares of the company’s stock valued at $20,742,000 after purchasing an additional 18,256 shares during the last quarter. Significant Wealth Partners LLC purchased a new stake in First Trust Senior Loan ETF during the 4th quarter valued at $407,000. Finally, BKA Wealth Consulting Inc. raised its holdings in First Trust Senior Loan ETF by 3.6% during the 4th quarter. BKA Wealth Consulting Inc. now owns 6,596 shares of the company’s stock valued at $304,000 after buying an additional 229 shares during the period.

First Trust Senior Loan ETF Stock Up 0.2 %

NASDAQ FTSL traded up $0.08 on Monday, hitting $46.07. 260,038 shares of the stock were exchanged, compared to its average volume of 286,712. First Trust Senior Loan ETF has a 52-week low of $45.01 and a 52-week high of $46.99. The stock has a fifty day moving average price of $45.96 and a two-hundred day moving average price of $46.08.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.2875 dividend. The ex-dividend date was Thursday, June 27th.

First Trust Senior Loan ETF 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.