Bank of Montreal Can Trims Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Bank of Montreal Can lowered its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 34.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,533 shares of the company’s stock after selling 10,415 shares during the quarter. Bank of Montreal Can’s holdings in First Trust Senior Loan ETF were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in First Trust Senior Loan ETF during the fourth quarter valued at approximately $501,000. JPMorgan Chase & Co. lifted its stake in shares of First Trust Senior Loan ETF by 238.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,086 shares of the company’s stock valued at $8,815,000 after buying an additional 135,283 shares in the last quarter. Stephens Inc. AR boosted its holdings in First Trust Senior Loan ETF by 14.8% in the 4th quarter. Stephens Inc. AR now owns 5,646 shares of the company’s stock worth $261,000 after buying an additional 730 shares during the period. SBI Securities Co. Ltd. purchased a new stake in First Trust Senior Loan ETF in the 4th quarter worth $36,000. Finally, Concurrent Investment Advisors LLC raised its holdings in First Trust Senior Loan ETF by 8.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 141,892 shares of the company’s stock valued at $6,561,000 after acquiring an additional 10,559 shares during the period.

First Trust Senior Loan ETF Stock Up 0.3 %

NASDAQ FTSL opened at $45.40 on Friday. The business has a 50-day moving average price of $45.74 and a 200-day moving average price of $46.07. First Trust Senior Loan ETF has a twelve month low of $44.30 and a twelve month high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $3.12 dividend on an annualized basis and a yield of 6.87%.

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.