Truist Financial Corp Buys 5,277 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Truist Financial Corp raised its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 1.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 277,012 shares of the company’s stock after purchasing an additional 5,277 shares during the quarter. Truist Financial Corp’s holdings in First Trust Senior Loan ETF were worth $12,662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in FTSL. Coastwise Capital Group LLC boosted its stake in shares of First Trust Senior Loan ETF by 25.3% in the 4th quarter. Coastwise Capital Group LLC now owns 24,422 shares of the company’s stock valued at $1,125,000 after purchasing an additional 4,924 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in First Trust Senior Loan ETF by 31.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 124,979 shares of the company’s stock worth $5,713,000 after purchasing an additional 30,172 shares in the last quarter. &PARTNERS purchased a new stake in shares of First Trust Senior Loan ETF in the 1st quarter worth about $617,000. TL Private Wealth boosted its stake in shares of First Trust Senior Loan ETF by 4.8% during the 1st quarter. TL Private Wealth now owns 464,284 shares of the company’s stock valued at $21,482,000 after purchasing an additional 21,097 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in shares of First Trust Senior Loan ETF during the fourth quarter valued at about $2,076,000.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL opened at $46.09 on Friday. The company has a 50-day simple moving average of $45.96 and a two-hundred day simple moving average of $46.04. First Trust Senior Loan ETF has a one year low of $45.01 and a one year high of $46.99.

First Trust Senior Loan ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid 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%.

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.