Concurrent Investment Advisors LLC Has $5.52 Million Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Concurrent Investment Advisors LLC raised its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 93.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 120,721 shares of the company’s stock after purchasing an additional 58,193 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $5,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidemark LLC bought a new position in shares of First Trust Senior Loan ETF in the fourth quarter worth about $33,000. Assetmark Inc. increased its position in First Trust Senior Loan ETF by 189.5% in the 4th quarter. Assetmark Inc. now owns 770 shares of the company’s stock worth $35,000 after buying an additional 504 shares during the period. Sachetta LLC acquired a new position in shares of First Trust Senior Loan ETF during the fourth quarter worth approximately $61,000. Consultiva Wealth Management CORP. bought a new stake in shares of First Trust Senior Loan ETF in the first quarter valued at approximately $100,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of First Trust Senior Loan ETF in the second quarter worth $115,000.

First Trust Senior Loan ETF Trading Up 0.2 %

FTSL stock traded up $0.07 on Friday, reaching $45.94. 164,497 shares of the company were exchanged, compared to its average volume of 284,089. First Trust Senior Loan ETF has a 12 month low of $45.01 and a 12 month high of $46.99. The stock’s fifty day moving average price is $45.93 and its 200 day moving average price is $46.07.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.48 annualized dividend and a dividend yield of 7.58%.

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.