Assetmark Inc. Trims Stake in First Trust Senior Loan ETF $FTSL

Assetmark Inc. reduced its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 77.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,870 shares of the company’s stock after selling 72,712 shares during the period. Assetmark Inc.’s holdings in First Trust Senior Loan ETF were worth $958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triumph Capital Management purchased a new stake in shares of First Trust Senior Loan ETF in the third quarter worth $26,000. Pinnacle Bancorp Inc. increased its stake in shares of First Trust Senior Loan ETF by 233.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $50,000 after purchasing an additional 763 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in shares of First Trust Senior Loan ETF in the third quarter worth $95,000. National Bank of Canada FI purchased a new stake in shares of First Trust Senior Loan ETF in the third quarter worth $128,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of First Trust Senior Loan ETF in the third quarter worth $137,000.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ FTSL opened at $45.02 on Wednesday. The firm has a fifty day moving average price of $44.96 and a 200-day moving average price of $45.52. First Trust Senior Loan ETF has a 1 year low of $44.37 and a 1 year high of $46.19.

First Trust Senior Loan ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 21st will be given a dividend of $0.235 per share. The ex-dividend date is Tuesday, April 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

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. FTSL was launched on May 1, 2013 and is managed by First Trust.