Welch & Forbes LLC Cuts Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Welch & Forbes LLC cut its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 564,207 shares of the company’s stock after selling 10,947 shares during the quarter. Welch & Forbes LLC’s holdings in First Trust Senior Loan ETF were worth $25,993,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Raymond James & Associates increased its position in shares of First Trust Senior Loan ETF by 4.6% during the third quarter. Raymond James & Associates now owns 581,733 shares of the company’s stock worth $26,608,000 after purchasing an additional 25,418 shares in the last quarter. WESPAC Advisors LLC grew its holdings in shares of First Trust Senior Loan ETF by 7.0% during the third quarter. WESPAC Advisors LLC now owns 30,833 shares of the company’s stock worth $1,410,000 after buying an additional 2,020 shares in the last quarter. Castleview Partners LLC raised its position in shares of First Trust Senior Loan ETF by 9.3% in the third quarter. Castleview Partners LLC now owns 11,677 shares of the company’s stock valued at $534,000 after buying an additional 991 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of First Trust Senior Loan ETF by 1.3% in the third quarter. Chicago Partners Investment Group LLC now owns 118,146 shares of the company’s stock worth $5,411,000 after buying an additional 1,565 shares in the last quarter. Finally, Endowment Wealth Management Inc. boosted its position in First Trust Senior Loan ETF by 21.8% during the third quarter. Endowment Wealth Management Inc. now owns 30,174 shares of the company’s stock worth $1,380,000 after acquiring an additional 5,403 shares during the last quarter.

First Trust Senior Loan ETF Stock Up 0.1 %

FTSL stock traded up $0.05 during mid-day trading on Monday, reaching $46.21. The company’s stock had a trading volume of 171,093 shares, compared to its average volume of 316,460. The company’s 50 day moving average is $46.18 and its two-hundred day moving average is $46.01. First Trust Senior Loan ETF has a fifty-two week low of $44.53 and a fifty-two week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were given a dividend of $0.295 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $3.54 dividend on an annualized basis and a yield of 7.66%.

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.