Raymond James Financial Inc. Makes New $66.92 Million Investment in First Trust Senior Loan ETF (NASDAQ:FTSL)

Raymond James Financial Inc. bought a new position in First Trust Senior Loan ETF (NASDAQ:FTSL) in the 4th quarter, HoldingsChannel.com reports. The fund bought 1,447,302 shares of the company’s stock, valued at approximately $66,923,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $32,000. DHJJ Financial Advisors Ltd. boosted its stake in shares of First Trust Senior Loan ETF by 377.2% during the fourth quarter. DHJJ Financial Advisors Ltd. now owns 773 shares of the company’s stock valued at $36,000 after purchasing an additional 611 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $36,000. Peterson Financial Group Inc. purchased a new stake in shares of First Trust Senior Loan ETF during the third quarter valued at approximately $98,000. Finally, Global Retirement Partners LLC boosted its stake in shares of First Trust Senior Loan ETF by 27.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,954 shares of the company’s stock valued at $137,000 after purchasing an additional 635 shares during the period.

First Trust Senior Loan ETF Price Performance

NASDAQ:FTSL opened at $45.95 on Tuesday. First Trust Senior Loan ETF has a fifty-two week low of $45.23 and a fifty-two week high of $46.99. The business has a 50 day moving average price of $46.22 and a 200-day moving average price of $46.18.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared 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 of this dividend was Friday, February 21st.

First Trust Senior Loan ETF Company 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.