First Trust Senior Loan ETF (NASDAQ:FTSL) Hits New 12-Month Low – Time to Sell?

Shares of First Trust Senior Loan ETF (NASDAQ:FTSL) reached a new 52-week low during trading on Thursday . The stock traded as low as $43.77 and last traded at $43.77, with a volume of 567 shares trading hands. The stock had previously closed at $44.88.

First Trust Senior Loan ETF Stock Performance

The business’s 50-day moving average is $45.03 and its 200 day moving average is $45.33.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.235 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Thursday, May 21st.

Institutional Investors Weigh In On First Trust Senior Loan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Triumph Capital Management bought a new stake in shares of First Trust Senior Loan ETF in the third quarter valued at approximately $26,000. Raleigh Capital Management Inc. bought a new position in First Trust Senior Loan ETF during the 1st quarter worth $30,000. Smartleaf Asset Management LLC acquired a new position in First Trust Senior Loan ETF in the 4th quarter valued at $30,000. Sound Income Strategies LLC raised its holdings in First Trust Senior Loan ETF by 140.3% in the 1st quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock valued at $46,000 after acquiring an additional 599 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in shares of First Trust Senior Loan ETF during the 4th quarter valued at $48,000.

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.