HighTower Advisors LLC Reduces Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

HighTower Advisors LLC trimmed its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,904 shares of the company’s stock after selling 12,728 shares during the period. HighTower Advisors LLC owned 0.14% of First Trust Senior Loan ETF worth $3,325,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Moors & Cabot Inc. grew its stake in First Trust Senior Loan ETF by 4.4% in the fourth quarter. Moors & Cabot Inc. now owns 19,588 shares of the company’s stock worth $906,000 after purchasing an additional 817 shares in the last quarter. Endowment Wealth Management Inc. grew its stake in First Trust Senior Loan ETF by 20.7% in the fourth quarter. Endowment Wealth Management Inc. now owns 36,005 shares of the company’s stock worth $1,665,000 after purchasing an additional 6,180 shares in the last quarter. Independent Advisor Alliance acquired a new position in First Trust Senior Loan ETF in the fourth quarter worth about $4,774,000. Tower Wealth Partners Inc. grew its stake in First Trust Senior Loan ETF by 6.2% in the fourth quarter. Tower Wealth Partners Inc. now owns 248,005 shares of the company’s stock worth $11,468,000 after purchasing an additional 14,402 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new position in First Trust Senior Loan ETF in the fourth quarter worth about $25,000.

First Trust Senior Loan ETF Trading Up 0.0 %

NASDAQ:FTSL opened at $45.96 on Friday. First Trust Senior Loan ETF has a one year low of $45.23 and a one year high of $46.99. The stock has a 50-day simple moving average of $46.15 and a 200 day simple moving average of $46.17.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.2625 dividend. The ex-dividend date was Friday, February 21st.

First Trust Senior Loan ETF Company 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.