First Trust Senior Loan ETF (NASDAQ:FTSL) Plans $0.26 Monthly Dividend

First Trust Senior Loan ETF (NASDAQ:FTSL) announced a monthly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be paid a dividend of 0.26 per share on Monday, March 31st. This represents a $3.12 annualized dividend and a dividend yield of 6.82%. The ex-dividend date is Thursday, March 27th.

First Trust Senior Loan ETF Stock Performance

First Trust Senior Loan ETF stock traded down $0.26 during midday trading on Thursday, reaching $45.75. The company’s stock had a trading volume of 236,672 shares, compared to its average volume of 279,593. The business has a 50-day moving average price of $46.12 and a 200-day moving average price of $46.18. First Trust Senior Loan ETF has a 52 week low of $45.23 and a 52 week high of $46.55.

Hedge Funds Weigh In On First Trust Senior Loan ETF

An institutional investor recently raised its position in First Trust Senior Loan ETF stock. Brighton Jones LLC grew its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,860 shares of the company’s stock after buying an additional 1,073 shares during the quarter. Brighton Jones LLC’s holdings in First Trust Senior Loan ETF were worth $271,000 as of its most recent SEC filing.

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.