Paradigm Financial Partners LLC Decreases Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Paradigm Financial Partners LLC reduced its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 64,752 shares of the company’s stock after selling 996 shares during the quarter. Paradigm Financial Partners LLC’s holdings in First Trust Senior Loan ETF were worth $2,983,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Brookstone Capital Management increased its position in shares of First Trust Senior Loan ETF by 61.3% during the third quarter. Brookstone Capital Management now owns 29,954 shares of the company’s stock worth $1,370,000 after purchasing an additional 11,386 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in First Trust Senior Loan ETF by 58.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 322,415 shares of the company’s stock worth $14,747,000 after purchasing an additional 118,812 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in First Trust Senior Loan ETF by 93.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 309,857 shares of the company’s stock worth $14,173,000 after purchasing an additional 149,556 shares during the last quarter. Raymond James & Associates increased its stake in First Trust Senior Loan ETF by 4.6% during the 3rd quarter. Raymond James & Associates now owns 581,733 shares of the company’s stock valued at $26,608,000 after purchasing an additional 25,418 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of First Trust Senior Loan ETF by 7.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 722,206 shares of the company’s stock valued at $33,034,000 after acquiring an additional 49,087 shares during the period.

First Trust Senior Loan ETF Stock Performance

FTSL traded up $0.04 on Friday, reaching $46.03. 183,744 shares of the stock were exchanged, compared to its average volume of 321,345. The company’s 50-day moving average price is $46.18 and its 200 day moving average price is $45.99. First Trust Senior Loan ETF has a fifty-two week low of $44.53 and a fifty-two week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be issued a $0.295 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $3.54 annualized dividend and a dividend yield of 7.69%.

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.