Garden State Investment Advisory Services LLC Sells 3,996 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Garden State Investment Advisory Services LLC lowered its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 30.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,288 shares of the company’s stock after selling 3,996 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in First Trust Senior Loan ETF were worth $426,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. One Capital Management LLC lifted its position in shares of First Trust Senior Loan ETF by 4.7% in the 2nd 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 holdings in First Trust Senior Loan ETF by 22.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock worth $42,050,000 after acquiring an additional 166,180 shares during the last quarter. Flaharty Asset Management LLC lifted its position in First Trust Senior Loan ETF by 1.8% in the 2nd quarter. Flaharty Asset Management LLC now owns 741,326 shares of the company’s stock valued at $33,886,000 after acquiring an additional 12,795 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust Senior Loan ETF by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 728,333 shares of the company’s stock valued at $33,292,000 after purchasing an additional 73,314 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of First Trust Senior Loan ETF by 12.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 582,473 shares of the company’s stock worth $26,730,000 after purchasing an additional 64,467 shares in the last quarter.

First Trust Senior Loan ETF Trading Down 0.5 %

Shares of NASDAQ:FTSL traded down $0.25 during midday trading on Friday, reaching $46.23. 70,692 shares of the company’s stock traded hands, compared to its average volume of 277,317. First Trust Senior Loan ETF has a one year low of $45.23 and a one year high of $46.99. The stock has a 50 day moving average of $46.22 and a 200 day moving average of $46.07.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, November 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.