IFG Advisory LLC Reduces Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Posted by MarketBeat News on Sep 2nd, 2024

IFG Advisory LLC lessened its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL – Free Report) by 31.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,121 shares of the company’s stock after selling 3,773 shares during the period. IFG Advisory LLC’s holdings in First Trust Senior Loan ETF were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FTSL. Tidemark LLC purchased a new position in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $33,000. Assetmark Inc. raised its holdings in First Trust Senior Loan ETF by 189.5% in the 4th quarter. Assetmark Inc. now owns 770 shares of the company’s stock worth $35,000 after purchasing an additional 504 shares in the last quarter. Sachetta LLC purchased a new stake in shares of First Trust Senior Loan ETF in the 4th quarter worth about $61,000. Consultiva Wealth Management CORP. purchased a new stake in shares of First Trust Senior Loan ETF in the 1st quarter worth about $100,000. Finally, Register Financial Advisors LLC bought a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter valued at about $115,000.

First Trust Senior Loan ETF Price Performance

FTSL stock opened at $45.94 on Monday. First Trust Senior Loan ETF has a 1 year low of $45.01 and a 1 year high of $46.99. The firm has a 50-day moving average of $45.93 and a 200 day moving average of $46.07.

First Trust Senior Loan ETF Cuts Dividend

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The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.58%.

First Trust Senior Loan ETF Profile

(Free Report)

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.