First Trust Senior Loan ETF $FTSL Stock Sold by Virtue Capital Management LLC

Virtue Capital Management LLC trimmed its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 20.3% in the third quarter, HoldingsChannel.com reports. The fund owned 508,126 shares of the company’s stock after selling 129,734 shares during the quarter. First Trust Senior Loan ETF comprises about 2.9% of Virtue Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Virtue Capital Management LLC’s holdings in First Trust Senior Loan ETF were worth $22,647,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Helium Advisors LLC raised its stake in First Trust Senior Loan ETF by 1.6% in the first quarter. Helium Advisors LLC now owns 15,603 shares of the company’s stock valued at $699,000 after purchasing an additional 243 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in First Trust Senior Loan ETF by 4.4% during the second quarter. Integrated Wealth Concepts LLC now owns 6,388 shares of the company’s stock worth $286,000 after purchasing an additional 268 shares during the period. Arete Wealth Advisors LLC grew its stake in First Trust Senior Loan ETF by 0.8% during the first quarter. Arete Wealth Advisors LLC now owns 44,621 shares of the company’s stock worth $2,000,000 after buying an additional 358 shares in the last quarter. MGO One Seven LLC grew its stake in First Trust Senior Loan ETF by 1.9% during the third quarter. MGO One Seven LLC now owns 22,562 shares of the company’s stock worth $1,006,000 after buying an additional 417 shares in the last quarter. Finally, Roxbury Financial LLC grew its stake in First Trust Senior Loan ETF by 18.2% during the third quarter. Roxbury Financial LLC now owns 3,019 shares of the company’s stock worth $135,000 after buying an additional 465 shares in the last quarter.

First Trust Senior Loan ETF Price Performance

FTSL stock opened at $44.49 on Monday. The company’s 50-day moving average price is $44.71 and its two-hundred day moving average price is $44.96. First Trust Senior Loan ETF has a 12 month low of $44.25 and a 12 month high of $46.09.

First Trust Senior Loan ETF Announces Dividend

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