Legacy Capital Group California Inc. Reduces Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Legacy Capital Group California Inc. decreased its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 47.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,179 shares of the company’s stock after selling 5,513 shares during the quarter. Legacy Capital Group California Inc.’s holdings in First Trust Senior Loan ETF were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new position in First Trust Senior Loan ETF during the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Senior Loan ETF during the second quarter valued at approximately $46,000. Trust Co. of Vermont bought a new position in shares of First Trust Senior Loan ETF during the third quarter valued at approximately $81,000. Consultiva Wealth Management CORP. purchased a new stake in First Trust Senior Loan ETF in the first quarter worth $100,000. Finally, Register Financial Advisors LLC bought a new stake in First Trust Senior Loan ETF in the second quarter valued at $115,000.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock opened at $45.98 on Friday. The company’s fifty day simple moving average is $46.04 and its two-hundred day simple moving average is $46.04. First Trust Senior Loan ETF has a 12-month low of $45.01 and a 12-month high of $46.99.

First Trust Senior Loan ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be paid a $0.29 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend is Tuesday, October 22nd.

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.