First Trust Senior Loan ETF $FTSL Stock: Pinnacle Associates Ltd. Grows Position

Pinnacle Associates Ltd. raised its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 113.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,675 shares of the company’s stock after purchasing an additional 52,490 shares during the period. Pinnacle Associates Ltd.’s holdings in First Trust Senior Loan ETF were worth $4,398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Helium Advisors LLC lifted its position in shares of First Trust Senior Loan ETF by 1.6% during the 1st quarter. Helium Advisors LLC now owns 15,603 shares of the company’s stock worth $699,000 after buying an additional 243 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of First Trust Senior Loan ETF by 4.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 6,388 shares of the company’s stock valued at $286,000 after buying an additional 268 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of First Trust Senior Loan ETF by 0.8% in the 1st quarter. Arete Wealth Advisors LLC now owns 44,621 shares of the company’s stock valued at $2,000,000 after buying an additional 358 shares in the last quarter. Roxbury Financial LLC boosted its holdings in shares of First Trust Senior Loan ETF by 18.2% in the 3rd quarter. Roxbury Financial LLC now owns 3,019 shares of the company’s stock valued at $135,000 after buying an additional 465 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in shares of First Trust Senior Loan ETF by 17.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,513 shares of the company’s stock valued at $157,000 after buying an additional 533 shares during the last quarter.

First Trust Senior Loan ETF Stock Down 0.1%

NASDAQ FTSL opened at $44.33 on Friday. The firm’s fifty day moving average price is $44.78 and its 200 day moving average price is $44.89. First Trust Senior Loan ETF has a 12 month low of $44.26 and a 12 month high of $46.09.

First Trust Senior Loan ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be paid a $0.2250 dividend. This represents a $2.70 annualized dividend and a yield of 6.1%. The ex-dividend date is Wednesday, October 21st.

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