American Financial Advisors LLC Reduces Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

American Financial Advisors LLC reduced its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 12.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 53,906 shares of the company’s stock after selling 7,691 shares during the period. American Financial Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $2,464,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. ShoreHaven Wealth Partners LLC acquired a new stake in First Trust Senior Loan ETF during the 2nd quarter valued at approximately $835,000. LVZ Inc. grew its position in shares of First Trust Senior Loan ETF by 17.0% during the second quarter. LVZ Inc. now owns 5,074 shares of the company’s stock worth $232,000 after buying an additional 736 shares in the last quarter. My Legacy Advisors LLC bought a new stake in shares of First Trust Senior Loan ETF in the second quarter worth $1,152,000. Private Advisory Group LLC acquired a new stake in First Trust Senior Loan ETF in the second quarter valued at $2,411,000. Finally, Atria Wealth Solutions Inc. boosted its stake in First Trust Senior Loan ETF by 69.8% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 94,047 shares of the company’s stock valued at $4,300,000 after acquiring an additional 38,662 shares during the last quarter.

First Trust Senior Loan ETF Price Performance

FTSL stock traded up $0.04 during mid-day trading on Friday, hitting $45.87. 174,480 shares of the company were exchanged, compared to its average volume of 283,830. The firm has a fifty day simple moving average of $45.94 and a 200 day simple moving average of $46.08. First Trust Senior Loan ETF has a twelve month low of $45.01 and a twelve month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 21st will be paid a $0.29 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $3.48 dividend on an annualized basis and a yield of 7.59%.

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.