Key Client Fiduciary Advisors LLC Reduces Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Key Client Fiduciary Advisors LLC trimmed its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 1.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,682 shares of the company’s stock after selling 460 shares during the period. First Trust Senior Loan ETF comprises approximately 0.8% of Key Client Fiduciary Advisors LLC’s portfolio, making the stock its 24th largest holding. Key Client Fiduciary Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $1,927,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in First Trust Senior Loan ETF by 3,386.8% in the third quarter. International Assets Investment Management LLC now owns 339,788 shares of the company’s stock worth $15,593,000 after purchasing an additional 330,043 shares during the period. JPMorgan Chase & Co. increased its stake in First Trust Senior Loan ETF by 238.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,086 shares of the company’s stock worth $8,815,000 after buying an additional 135,283 shares during the period. Capital Investment Counsel LLC lifted its holdings in First Trust Senior Loan ETF by 593.0% during the 3rd quarter. Capital Investment Counsel LLC now owns 140,405 shares of the company’s stock valued at $6,443,000 after buying an additional 120,145 shares in the last quarter. Asset Allocation & Management Company LLC lifted its holdings in First Trust Senior Loan ETF by 561.4% during the 3rd quarter. Asset Allocation & Management Company LLC now owns 112,440 shares of the company’s stock valued at $5,160,000 after buying an additional 95,440 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust Senior Loan ETF in the 2nd quarter valued at about $4,255,000.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL stock opened at $46.22 on Friday. The company’s 50-day simple moving average is $46.33 and its two-hundred day simple moving average is $46.13. First Trust Senior Loan ETF has a one year low of $45.23 and a one year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.