Flagstar Advisors Inc. Raises Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Flagstar Advisors Inc. lifted its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 361.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,938 shares of the company’s stock after buying an additional 48,508 shares during the quarter. Flagstar Advisors Inc. owned approximately 0.13% of First Trust Senior Loan ETF worth $2,854,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Delta Financial Group Inc. boosted its stake in shares of First Trust Senior Loan ETF by 8.7% in the fourth quarter. Delta Financial Group Inc. now owns 7,612 shares of the company’s stock worth $351,000 after buying an additional 612 shares during the last quarter. Financial Enhancement Group LLC boosted its position in First Trust Senior Loan ETF by 1.3% during the fourth quarter. Financial Enhancement Group LLC now owns 67,274 shares of the company’s stock worth $3,092,000 after purchasing an additional 868 shares in the last quarter. Saxon Interests Inc. purchased a new position in First Trust Senior Loan ETF during the fourth quarter worth approximately $2,209,000. Twin Peaks Wealth Advisors LLC purchased a new position in First Trust Senior Loan ETF during the fourth quarter worth approximately $2,440,000. Finally, Cambridge Advisors Inc. boosted its position in First Trust Senior Loan ETF by 3.1% during the fourth quarter. Cambridge Advisors Inc. now owns 13,690 shares of the company’s stock worth $631,000 after purchasing an additional 418 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

FTSL stock traded up $0.03 during mid-day trading on Friday, reaching $46.21. 455,167 shares of the company’s stock were exchanged, compared to its average volume of 332,696. The stock’s 50 day moving average is $46.11 and its 200 day moving average is $45.94. First Trust Senior Loan ETF has a 12-month low of $44.53 and a 12-month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.79%.

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.