Park Avenue Securities LLC Buys 7,067 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Park Avenue Securities LLC grew its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 23.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 37,375 shares of the company’s stock after purchasing an additional 7,067 shares during the quarter. Park Avenue Securities LLC’s holdings in First Trust Senior Loan ETF were worth $1,727,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FTSL. Flagstar Advisors Inc. increased its position in 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 purchasing an additional 48,508 shares during the last quarter. Principal Securities Inc. bought a new stake in First Trust Senior Loan ETF in the fourth quarter worth $522,000. Axxcess Wealth Management LLC increased its position in First Trust Senior Loan ETF by 8.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 153,025 shares of the company’s stock worth $7,050,000 after purchasing an additional 12,203 shares during the last quarter. PCG Wealth Advisors LLC increased its position in First Trust Senior Loan ETF by 5.9% in the fourth quarter. PCG Wealth Advisors LLC now owns 33,610 shares of the company’s stock worth $1,548,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in First Trust Senior Loan ETF by 54.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 75,493 shares of the company’s stock worth $3,478,000 after purchasing an additional 26,692 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL opened at $45.99 on Monday. The company’s fifty day moving average is $46.11 and its 200 day moving average is $46.11. First Trust Senior Loan ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.2925 per share. The ex-dividend date was Tuesday, May 21st.

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.