Park Avenue Securities LLC Acquires New Stake in First Trust Senior Loan ETF $FTSL

Park Avenue Securities LLC bought a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 77,675 shares of the company’s stock, valued at approximately $3,462,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of First Trust Senior Loan ETF in the 3rd quarter worth about $265,000. Sigma Planning Corp purchased a new position in First Trust Senior Loan ETF during the third quarter valued at $399,000. Wedbush Securities Inc. purchased a new position in First Trust Senior Loan ETF during the third quarter valued at $1,051,000. Lake Street Private Wealth LLC boosted its holdings in First Trust Senior Loan ETF by 10.5% in the third quarter. Lake Street Private Wealth LLC now owns 173,796 shares of the company’s stock worth $7,746,000 after acquiring an additional 16,568 shares in the last quarter. Finally, Brookstone Capital Management boosted its holdings in First Trust Senior Loan ETF by 108.0% in the third quarter. Brookstone Capital Management now owns 10,329 shares of the company’s stock worth $460,000 after acquiring an additional 5,363 shares in the last quarter.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL opened at $44.49 on Friday. First Trust Senior Loan ETF has a 12 month low of $44.25 and a 12 month high of $46.09. The stock’s fifty day moving average price is $44.71 and its 200-day moving average price is $44.96.

First Trust Senior Loan ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were given a $0.2250 dividend. This represents a $2.70 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Wednesday, October 21st.

About First Trust Senior Loan ETF

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.