L & S Advisors Inc Sells 309 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

L & S Advisors Inc cut its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 1.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,856 shares of the company’s stock after selling 309 shares during the period. L & S Advisors Inc’s holdings in First Trust Senior Loan ETF were worth $862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FTSL. UBS Group AG grew its stake in First Trust Senior Loan ETF by 2.2% during the fourth quarter. UBS Group AG now owns 1,374,490 shares of the company’s stock valued at $63,323,000 after acquiring an additional 29,552 shares in the last quarter. One Capital Management LLC increased its holdings in shares of First Trust Senior Loan ETF by 4.7% in the second quarter. One Capital Management LLC now owns 1,362,059 shares of the company’s stock worth $62,260,000 after purchasing an additional 60,909 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust Senior Loan ETF by 22.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock worth $42,050,000 after buying an additional 166,180 shares in the last quarter. Flaharty Asset Management LLC raised its position in shares of First Trust Senior Loan ETF by 1.8% in the second quarter. Flaharty Asset Management LLC now owns 741,326 shares of the company’s stock worth $33,886,000 after buying an additional 12,795 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in First Trust Senior Loan ETF by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 728,333 shares of the company’s stock valued at $33,292,000 after buying an additional 73,314 shares during the period.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL opened at $46.17 on Wednesday. The stock’s 50-day simple moving average is $45.96 and its two-hundred day simple moving average is $46.06. First Trust Senior Loan ETF has a twelve month low of $45.01 and a twelve month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a $0.29 dividend. This represents a $3.48 annualized dividend and a dividend yield of 7.54%. The ex-dividend date was Wednesday, August 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.