Gray Wealth Management Inc. Cuts Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Gray Wealth Management Inc. trimmed its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,050 shares of the company’s stock after selling 800 shares during the period. Gray Wealth Management Inc.’s holdings in First Trust Senior Loan ETF were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Flagstar Advisors Inc. boosted its position in shares of First Trust Senior Loan ETF by 361.2% in the fourth quarter. Flagstar Advisors Inc. now owns 61,938 shares of the company’s stock worth $2,854,000 after buying an additional 48,508 shares during the period. Blackhawk Capital Partners LLC. lifted its position in First Trust Senior Loan ETF by 0.9% during the 3rd quarter. Blackhawk Capital Partners LLC. now owns 52,879 shares of the company’s stock worth $2,419,000 after acquiring an additional 490 shares in the last quarter. PCG Wealth Advisors LLC boosted its holdings in First Trust Senior Loan ETF by 5.9% in the 4th quarter. PCG Wealth Advisors LLC now owns 33,610 shares of the company’s stock worth $1,548,000 after acquiring an additional 1,874 shares during the period. Exencial Wealth Advisors LLC grew its position in First Trust Senior Loan ETF by 32.3% in the third quarter. Exencial Wealth Advisors LLC now owns 15,316 shares of the company’s stock valued at $701,000 after acquiring an additional 3,740 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of First Trust Senior Loan ETF by 0.7% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 147,740 shares of the company’s stock valued at $6,758,000 after purchasing an additional 1,049 shares during the period.

First Trust Senior Loan ETF Trading Up 0.1 %

Shares of NASDAQ FTSL traded up $0.06 during trading on Thursday, reaching $46.22. 435,979 shares of the stock were exchanged, compared to its average volume of 331,337. The business’s 50-day moving average price is $46.17 and its 200 day moving average price is $45.97. First Trust Senior Loan ETF has a twelve month low of $44.53 and a twelve month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

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

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.