Inspirion Wealth Advisors LLC Has $232,000 Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Inspirion Wealth Advisors LLC cut its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 31.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,058 shares of the company’s stock after selling 2,311 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC acquired a new stake in shares of First Trust Senior Loan ETF in the 2nd quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Senior Loan ETF in the 2nd quarter valued at approximately $46,000. Consultiva Wealth Management CORP. bought a new position in First Trust Senior Loan ETF in the 1st quarter valued at approximately $100,000. Register Financial Advisors LLC acquired a new stake in First Trust Senior Loan ETF in the second quarter valued at approximately $115,000. Finally, Hyperion Partners LLC bought a new stake in shares of First Trust Senior Loan ETF during the second quarter worth $221,000.

First Trust Senior Loan ETF Stock Up 0.2 %

Shares of NASDAQ:FTSL traded up $0.10 during trading on Friday, hitting $46.09. 221,259 shares of the company were exchanged, compared to its average volume of 289,774. First Trust Senior Loan ETF has a 1-year low of $45.01 and a 1-year high of $46.99. The business’s 50 day moving average is $45.96 and its 200-day moving average is $46.04.

First Trust Senior Loan ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.29 dividend. The ex-dividend date was Thursday, September 26th. This represents a $3.48 annualized dividend and a yield of 7.55%.

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.