First Trust Senior Loan ETF (NASDAQ:FTSL) Sets New 1-Year Low – Here’s Why

First Trust Senior Loan ETF (NASDAQ:FTSL)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $44.34 and last traded at $44.36, with a volume of 8,390 shares changing hands. The stock had previously closed at $44.57.

First Trust Senior Loan ETF Stock Performance

The company has a 50 day moving average price of $44.78 and a two-hundred day moving average price of $44.89.

First Trust Senior Loan ETF Announces Dividend

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

Institutional Trading of First Trust Senior Loan ETF

Several institutional investors have recently modified their holdings of the stock. First Trust Advisors LP raised its position in shares of First Trust Senior Loan ETF by 15.7% during the 1st quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock worth $57,097,000 after purchasing an additional 173,354 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Senior Loan ETF by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 884,010 shares of the company’s stock valued at $39,559,000 after buying an additional 47,005 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in First Trust Senior Loan ETF by 107.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 593,455 shares of the company’s stock worth $26,557,000 after buying an additional 307,204 shares during the last quarter. TL Private Wealth boosted its holdings in First Trust Senior Loan ETF by 7.7% in the 2nd quarter. TL Private Wealth now owns 579,910 shares of the company’s stock worth $25,974,000 after buying an additional 41,544 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its holdings in First Trust Senior Loan ETF by 6.5% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 499,972 shares of the company’s stock worth $22,284,000 after buying an additional 30,646 shares during the last quarter.

First Trust Senior Loan ETF Company 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.