Welch & Forbes LLC Sells 10,947 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Welch & Forbes LLC trimmed its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 564,207 shares of the company’s stock after selling 10,947 shares during the quarter. Welch & Forbes LLC owned about 1.20% of First Trust Senior Loan ETF worth $25,993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FTSL. LPL Financial LLC raised its holdings in First Trust Senior Loan ETF by 3.2% in the 3rd quarter. LPL Financial LLC now owns 1,632,286 shares of the company’s stock worth $74,661,000 after acquiring an additional 50,250 shares during the last quarter. UBS Group AG boosted its position in shares of First Trust Senior Loan ETF by 1.8% during the third quarter. UBS Group AG now owns 1,344,938 shares of the company’s stock valued at $61,517,000 after buying an additional 24,208 shares during the last quarter. Wagner Wealth Management LLC increased its holdings in First Trust Senior Loan ETF by 15.5% in the 4th quarter. Wagner Wealth Management LLC now owns 1,103,873 shares of the company’s stock worth $50,855,000 after buying an additional 148,231 shares in the last quarter. One Capital Management LLC increased its holdings in First Trust Senior Loan ETF by 26.4% in the 3rd quarter. One Capital Management LLC now owns 981,470 shares of the company’s stock worth $44,892,000 after buying an additional 205,280 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in First Trust Senior Loan ETF by 27.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 921,265 shares of the company’s stock worth $42,443,000 after buying an additional 199,059 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL traded up $0.05 during trading on Monday, reaching $46.21. 171,093 shares of the company traded hands, compared to its average volume of 316,460. The firm has a 50 day simple moving average of $46.18 and a 200-day simple moving average of $46.01. First Trust Senior Loan ETF has a 52-week low of $44.53 and a 52-week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were given a $0.295 dividend. This represents a $3.54 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date was Tuesday, April 23rd.

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.