Morey & Quinn Wealth Partners LLC Makes New $486,000 Investment in First Trust Senior Loan ETF (NASDAQ:FTSL)

Morey & Quinn Wealth Partners LLC bought a new stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the fourth quarter, Holdings Channel reports. The institutional investor bought 10,502 shares of the company’s stock, valued at approximately $486,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC raised its holdings in shares of First Trust Senior Loan ETF by 23.8% during the fourth quarter. LPL Financial LLC now owns 1,919,381 shares of the company’s stock valued at $88,752,000 after purchasing an additional 369,005 shares during the period. Raymond James Financial Inc. bought a new stake in First Trust Senior Loan ETF in the 4th quarter valued at about $66,923,000. One Capital Management LLC raised its stake in First Trust Senior Loan ETF by 2.0% during the 4th quarter. One Capital Management LLC now owns 1,016,160 shares of the company’s stock worth $46,987,000 after buying an additional 19,482 shares during the period. Flaharty Asset Management LLC boosted its holdings in First Trust Senior Loan ETF by 1.4% in the fourth quarter. Flaharty Asset Management LLC now owns 755,299 shares of the company’s stock worth $34,925,000 after acquiring an additional 10,700 shares in the last quarter. Finally, Welch & Forbes LLC grew its stake in First Trust Senior Loan ETF by 1.7% in the fourth quarter. Welch & Forbes LLC now owns 633,271 shares of the company’s stock valued at $29,282,000 after acquiring an additional 10,565 shares during the period.

First Trust Senior Loan ETF Stock Performance

NASDAQ FTSL opened at $46.06 on Wednesday. First Trust Senior Loan ETF has a 52 week low of $45.23 and a 52 week high of $46.99. The business has a 50 day moving average price of $46.13 and a 200-day moving average price of $46.18.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.2625 per share. The ex-dividend date of this dividend was Friday, February 21st.

First Trust Senior Loan ETF Company 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.