J.W. Cole Advisors Inc. Cuts Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

J.W. Cole Advisors Inc. cut its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,743 shares of the company’s stock after selling 3,689 shares during the quarter. J.W. Cole Advisors Inc. owned 0.15% of First Trust Senior Loan ETF worth $3,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fiduciary Trust Co purchased a new stake in shares of First Trust Senior Loan ETF during the fourth quarter worth approximately $2,366,000. Adams Wealth Management increased its position in shares of First Trust Senior Loan ETF by 26.4% during the fourth quarter. Adams Wealth Management now owns 82,469 shares of the company’s stock worth $3,799,000 after purchasing an additional 17,236 shares in the last quarter. Coastwise Capital Group LLC increased its position in shares of First Trust Senior Loan ETF by 25.3% during the fourth quarter. Coastwise Capital Group LLC now owns 24,422 shares of the company’s stock worth $1,125,000 after purchasing an additional 4,924 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of First Trust Senior Loan ETF by 31.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 124,979 shares of the company’s stock worth $5,713,000 after purchasing an additional 30,172 shares in the last quarter. Finally, &PARTNERS acquired a new position in First Trust Senior Loan ETF during the first quarter worth $617,000.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL opened at $46.09 on Friday. The stock’s fifty day moving average is $45.96 and its two-hundred day moving average is $46.06. First Trust Senior Loan ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.29 per share. This represents a $3.48 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date of this dividend was Wednesday, August 21st.

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.