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

Posted by Denise Davis on Sep 18th, 2024

L & S Advisors Inc lessened its stake in First Trust Senior Loan ETF (NASDAQ:FTSL – Free Report) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,856 shares of the company’s stock after selling 309 shares during the quarter. L & S Advisors Inc’s holdings in First Trust Senior Loan ETF were worth $862,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in First Trust Senior Loan ETF in the second quarter worth $27,000. Tidemark LLC bought a new position in shares of First Trust Senior Loan ETF during the 4th quarter worth $33,000. Assetmark Inc. increased its holdings in First Trust Senior Loan ETF by 189.5% in the 4th quarter. Assetmark Inc. now owns 770 shares of the company’s stock worth $35,000 after acquiring an additional 504 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new stake in First Trust Senior Loan ETF in the 2nd quarter valued at about $46,000. Finally, Sachetta LLC purchased a new stake in First Trust Senior Loan ETF during the fourth quarter valued at about $61,000.

First Trust Senior Loan ETF Trading Up 0.1 %

FTSL opened at $46.17 on Wednesday. The firm has a 50-day moving average price of $45.96 and a 200-day moving average price of $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 firm also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.29 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.48 dividend on an annualized basis and a yield of 7.54%.

About First Trust Senior Loan ETF

(Free Report)

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.