First Trust Senior Loan ETF (NASDAQ:FTSL) Stake Lowered by Kovack Advisors Inc.

Kovack Advisors Inc. decreased its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,650 shares of the company’s stock after selling 3,017 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $2,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new stake in First Trust Senior Loan ETF in the second quarter worth $27,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Senior Loan ETF in the 2nd quarter worth about $46,000. Trust Co. of Vermont bought a new stake in First Trust Senior Loan ETF in the 3rd quarter valued at about $81,000. Consultiva Wealth Management CORP. acquired a new position in First Trust Senior Loan ETF during the 1st quarter valued at about $100,000. Finally, Register Financial Advisors LLC bought a new position in First Trust Senior Loan ETF in the 2nd quarter worth about $115,000.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL traded up $0.02 during mid-day trading on Wednesday, reaching $46.38. 52,893 shares of the company’s stock traded hands, compared to its average volume of 284,025. The business’s 50-day moving average price is $46.09 and its 200-day moving average price is $46.03. First Trust Senior Loan ETF has a 12 month low of $45.01 and a 12 month high of $46.99.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 7.50%.

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.