Apollon Wealth Management LLC Purchases 7,345 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Apollon Wealth Management LLC lifted its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 14.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,539 shares of the company’s stock after acquiring an additional 7,345 shares during the period. Apollon Wealth Management LLC owned approximately 0.12% of First Trust Senior Loan ETF worth $2,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FTSL. BKA Wealth Consulting Inc. increased its holdings in First Trust Senior Loan ETF by 3.6% in the fourth quarter. BKA Wealth Consulting Inc. now owns 6,596 shares of the company’s stock worth $304,000 after purchasing an additional 229 shares in the last quarter. Strategic Blueprint LLC increased its stake in shares of First Trust Senior Loan ETF by 1.9% in the 4th quarter. Strategic Blueprint LLC now owns 12,983 shares of the company’s stock valued at $598,000 after acquiring an additional 239 shares in the last quarter. Cozad Asset Management Inc. lifted its position in shares of First Trust Senior Loan ETF by 2.0% during the 4th quarter. Cozad Asset Management Inc. now owns 12,340 shares of the company’s stock valued at $569,000 after acquiring an additional 246 shares during the period. First Heartland Consultants Inc. boosted its stake in First Trust Senior Loan ETF by 0.6% during the third quarter. First Heartland Consultants Inc. now owns 55,980 shares of the company’s stock worth $2,561,000 after acquiring an additional 342 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in First Trust Senior Loan ETF by 1.6% in the third quarter. D.A. Davidson & CO. now owns 24,005 shares of the company’s stock worth $1,098,000 after purchasing an additional 387 shares during the period.

First Trust Senior Loan ETF Trading Up 0.1 %

FTSL traded up $0.04 during midday trading on Tuesday, hitting $46.25. The company had a trading volume of 168,990 shares, compared to its average volume of 314,783. The stock’s 50 day moving average price is $46.18 and its 200 day moving average price is $46.01. First Trust Senior Loan ETF has a 52 week low of $44.53 and a 52 week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were paid a dividend of $0.295 per share. This represents a $3.54 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.