Blueline Advisors LLC Invests $545,000 in First Trust Senior Loan ETF $FTSL

Blueline Advisors LLC purchased a new position in First Trust Senior Loan ETF (NASDAQ:FTSL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,878 shares of the company’s stock, valued at approximately $545,000. First Trust Senior Loan ETF accounts for approximately 0.4% of Blueline Advisors LLC’s portfolio, making the stock its 26th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in FTSL. Northwestern Mutual Wealth Management Co. raised its position in First Trust Senior Loan ETF by 8.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,515 shares of the company’s stock valued at $574,000 after purchasing an additional 935 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of First Trust Senior Loan ETF by 3.8% in the fourth quarter. Harbour Investments Inc. now owns 134,324 shares of the company’s stock worth $6,163,000 after buying an additional 4,897 shares during the period. Prospera Financial Services Inc increased its holdings in shares of First Trust Senior Loan ETF by 1.9% in the fourth quarter. Prospera Financial Services Inc now owns 117,515 shares of the company’s stock worth $5,392,000 after buying an additional 2,228 shares during the period. New England Private Wealth Advisors LLC increased its holdings in First Trust Senior Loan ETF by 2,022.3% during the 4th quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock valued at $81,455,000 after purchasing an additional 1,691,007 shares during the period. Finally, Harbor Advisory Corp MA increased its holdings in First Trust Senior Loan ETF by 5.6% during the 4th quarter. Harbor Advisory Corp MA now owns 326,213 shares of the company’s stock valued at $14,967,000 after purchasing an additional 17,250 shares during the period.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ:FTSL opened at $44.94 on Friday. First Trust Senior Loan ETF has a 1 year low of $44.37 and a 1 year high of $46.19. The stock’s 50-day moving average is $45.00 and its 200 day moving average is $45.40.

First Trust Senior Loan ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a $0.235 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 6.3%.

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. FTSL was launched on May 1, 2013 and is managed by First Trust.