Gray Wealth Management Inc. Increases Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Gray Wealth Management Inc. raised its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 12.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,833 shares of the company’s stock after acquiring an additional 846 shares during the period. Gray Wealth Management Inc.’s holdings in First Trust Senior Loan ETF were worth $362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FTSL. Kingswood Wealth Advisors LLC boosted its position in First Trust Senior Loan ETF by 4.1% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 8,409 shares of the company’s stock worth $389,000 after purchasing an additional 335 shares in the last quarter. Curtis Advisory Group LLC raised its stake in shares of First Trust Senior Loan ETF by 2.8% during the 4th quarter. Curtis Advisory Group LLC now owns 12,432 shares of the company’s stock worth $575,000 after buying an additional 341 shares during the last quarter. Milestone Asset Management LLC boosted its position in shares of First Trust Senior Loan ETF by 3.7% in the 4th quarter. Milestone Asset Management LLC now owns 10,473 shares of the company’s stock worth $484,000 after buying an additional 373 shares in the last quarter. Beaumont Financial Advisors LLC grew its stake in First Trust Senior Loan ETF by 5.1% in the 4th quarter. Beaumont Financial Advisors LLC now owns 8,960 shares of the company’s stock valued at $414,000 after acquiring an additional 435 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV increased its holdings in First Trust Senior Loan ETF by 7.4% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 7,194 shares of the company’s stock valued at $333,000 after acquiring an additional 493 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL opened at $45.85 on Monday. First Trust Senior Loan ETF has a 12-month low of $45.23 and a 12-month high of $46.99. The company has a 50-day moving average of $46.18 and a two-hundred day moving average of $46.18.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced 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.

About First Trust Senior Loan ETF

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.