Farmers & Merchants Investments Inc. Acquires New Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Farmers & Merchants Investments Inc. acquired a new stake in First Trust Senior Loan ETF (NASDAQ:FTSL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,000 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors have also recently bought and sold shares of the company. Cambridge Advisors Inc. boosted its position in shares of First Trust Senior Loan ETF by 1.8% in the 2nd quarter. Cambridge Advisors Inc. now owns 14,017 shares of the company’s stock worth $641,000 after purchasing an additional 253 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its position in shares of First Trust Senior Loan ETF by 0.6% during the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 41,751 shares of the company’s stock worth $1,908,000 after buying an additional 255 shares during the period. Western Wealth Management LLC increased its stake in shares of First Trust Senior Loan ETF by 1.5% in the 2nd quarter. Western Wealth Management LLC now owns 18,172 shares of the company’s stock valued at $831,000 after acquiring an additional 261 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of First Trust Senior Loan ETF by 1.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 28,934 shares of the company’s stock valued at $1,323,000 after acquiring an additional 316 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of First Trust Senior Loan ETF by 0.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 94,807 shares of the company’s stock valued at $4,381,000 after acquiring an additional 401 shares during the period.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL opened at $45.89 on Friday. The firm has a 50 day moving average price of $45.94 and a 200 day moving average price of $46.06. First Trust Senior Loan ETF has a 52-week low of $45.01 and a 52-week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a $0.29 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date was Wednesday, August 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.