Bay Colony Advisory Group Inc d b a Bay Colony Advisors Increases Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 11.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,639 shares of the company’s stock after buying an additional 3,319 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in First Trust Senior Loan ETF were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. acquired a new position in shares of First Trust Senior Loan ETF in the fourth quarter worth about $36,000. PNC Financial Services Group Inc. grew its stake in First Trust Senior Loan ETF by 74.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 342 shares in the last quarter. CENTRAL TRUST Co grew its stake in First Trust Senior Loan ETF by 104.0% during the 3rd quarter. CENTRAL TRUST Co now owns 2,046 shares of the company’s stock valued at $90,000 after acquiring an additional 1,043 shares in the last quarter. Consultiva Wealth Management CORP. purchased a new stake in First Trust Senior Loan ETF during the 3rd quarter valued at about $99,000. Finally, Sunbelt Securities Inc. purchased a new stake in First Trust Senior Loan ETF during the 1st quarter valued at about $122,000.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock remained flat at $46.18 during mid-day trading on Friday. 370,545 shares of the stock traded hands, compared to its average volume of 329,985. The firm’s 50-day simple moving average is $46.16 and its 200-day simple moving average is $45.96. First Trust Senior Loan ETF has a twelve month low of $44.53 and a twelve month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.80%.

First Trust Senior Loan ETF 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.