Global Retirement Partners LLC Buys 635 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Global Retirement Partners LLC increased its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 27.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,954 shares of the company’s stock after acquiring an additional 635 shares during the quarter. Global Retirement Partners LLC’s holdings in First Trust Senior Loan ETF were worth $137,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Beaton Management Co. Inc. bought a new stake in First Trust Senior Loan ETF during the 4th quarter valued at $388,000. D.A. Davidson & CO. increased its stake in First Trust Senior Loan ETF by 41.0% during the 4th quarter. D.A. Davidson & CO. now owns 79,691 shares of the company’s stock valued at $3,685,000 after purchasing an additional 23,186 shares in the last quarter. Ifrah Financial Services Inc. increased its stake in First Trust Senior Loan ETF by 5.3% during the 4th quarter. Ifrah Financial Services Inc. now owns 48,098 shares of the company’s stock valued at $2,224,000 after purchasing an additional 2,431 shares in the last quarter. Philip James Wealth Mangement LLC increased its stake in First Trust Senior Loan ETF by 7.0% during the 4th quarter. Philip James Wealth Mangement LLC now owns 13,103 shares of the company’s stock valued at $606,000 after purchasing an additional 862 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in First Trust Senior Loan ETF by 1.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 74,068 shares of the company’s stock valued at $3,425,000 after purchasing an additional 828 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL stock opened at $45.99 on Thursday. The firm has a fifty day simple moving average of $46.27 and a two-hundred day simple moving average of $46.17. First Trust Senior Loan ETF has a 12 month low of $45.23 and a 12 month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.2625 per share. The ex-dividend date of this dividend is Friday, February 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.