First Heartland Consultants Inc. Reduces Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

First Heartland Consultants Inc. reduced its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,917 shares of the company’s stock after selling 1,497 shares during the period. First Heartland Consultants Inc. owned 0.10% of First Trust Senior Loan ETF worth $2,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FTSL. Mpwm Advisory Solutions LLC bought a new position in First Trust Senior Loan ETF in the 4th quarter valued at $95,000. Strive Asset Management LLC purchased a new stake in First Trust Senior Loan ETF during the fourth quarter valued at approximately $935,000. Snowden Capital Advisors LLC grew its stake in First Trust Senior Loan ETF by 3.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 54,758 shares of the company’s stock worth $2,532,000 after buying an additional 1,912 shares during the last quarter. Little Harbor Advisors LLC increased its holdings in shares of First Trust Senior Loan ETF by 5.6% during the fourth quarter. Little Harbor Advisors LLC now owns 151,105 shares of the company’s stock valued at $6,987,000 after acquiring an additional 7,950 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of First Trust Senior Loan ETF by 4.0% during the fourth quarter. Bank of America Corp DE now owns 1,861,253 shares of the company’s stock worth $86,064,000 after buying an additional 72,249 shares during the period.

First Trust Senior Loan ETF Trading Down 0.0%

NASDAQ:FTSL opened at $45.97 on Wednesday. The company’s fifty day moving average price is $45.58 and its 200-day moving average price is $46.01. First Trust Senior Loan ETF has a 1-year low of $44.30 and a 1-year high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were given a $0.2575 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $3.09 annualized dividend and a dividend yield of 6.72%.

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.