RiverTree Advisors LLC Trims Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

RiverTree Advisors LLC lessened its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,594 shares of the company’s stock after selling 818 shares during the quarter. First Trust Senior Loan ETF accounts for about 3.9% of RiverTree Advisors LLC’s holdings, making the stock its 11th biggest holding. RiverTree Advisors LLC owned approximately 0.26% of First Trust Senior Loan ETF worth $5,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in FTSL. Brighton Jones LLC lifted its holdings in First Trust Senior Loan ETF by 18.0% during the 2nd quarter. Brighton Jones LLC now owns 5,900 shares of the company’s stock worth $270,000 after buying an additional 901 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of First Trust Senior Loan ETF by 154.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 15,362 shares of the company’s stock worth $702,000 after acquiring an additional 9,318 shares during the period. Clear Point Advisors Inc. raised its stake in shares of First Trust Senior Loan ETF by 3.2% in the second quarter. Clear Point Advisors Inc. now owns 36,865 shares of the company’s stock valued at $1,685,000 after acquiring an additional 1,145 shares in the last quarter. Trinity Legacy Partners LLC boosted its holdings in First Trust Senior Loan ETF by 3.3% in the second quarter. Trinity Legacy Partners LLC now owns 51,548 shares of the company’s stock valued at $2,356,000 after purchasing an additional 1,631 shares during the period. Finally, NewEdge Advisors LLC grew its stake in First Trust Senior Loan ETF by 17.4% during the 2nd quarter. NewEdge Advisors LLC now owns 229,595 shares of the company’s stock worth $10,495,000 after purchasing an additional 34,094 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL opened at $46.45 on Monday. The stock’s 50-day moving average is $46.33 and its two-hundred day moving average is $46.13. First Trust Senior Loan ETF has a 1-year low of $45.23 and a 1-year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.