Vestmark Advisory Solutions Inc. Takes Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Vestmark Advisory Solutions Inc. bought a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 40,690 shares of the company’s stock, valued at approximately $1,882,000. Vestmark Advisory Solutions Inc. owned 0.08% of First Trust Senior Loan ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stephens Inc. AR boosted its stake in First Trust Senior Loan ETF by 6.5% in the third quarter. Stephens Inc. AR now owns 4,916 shares of the company’s stock valued at $226,000 after acquiring an additional 300 shares during the last quarter. Trinity Legacy Partners LLC raised its holdings in shares of First Trust Senior Loan ETF by 54.1% in the 3rd quarter. Trinity Legacy Partners LLC now owns 79,423 shares of the company’s stock worth $3,671,000 after purchasing an additional 27,875 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in First Trust Senior Loan ETF by 6.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 88,379 shares of the company’s stock valued at $4,056,000 after purchasing an additional 5,572 shares during the last quarter. Northwest Wealth Management LLC grew its holdings in First Trust Senior Loan ETF by 4.5% during the third quarter. Northwest Wealth Management LLC now owns 14,975 shares of the company’s stock valued at $687,000 after purchasing an additional 642 shares during the period. Finally, Proactive Wealth Strategies LLC purchased a new stake in First Trust Senior Loan ETF in the third quarter worth $302,000.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL opened at $45.95 on Friday. First Trust Senior Loan ETF has a 1 year low of $45.23 and a 1 year high of $46.99. The stock’s fifty day moving average price is $46.22 and its two-hundred day moving average price is $46.17.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.2625 dividend. The ex-dividend date was Friday, February 21st.

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.