Algorithmic Investment Models LLC Purchases New Holdings in First Trust Senior Loan ETF $FTSL

Algorithmic Investment Models LLC acquired a new position in First Trust Senior Loan ETF (NASDAQ:FTSL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 53,583 shares of the company’s stock, valued at approximately $2,456,000. First Trust Senior Loan ETF accounts for 1.6% of Algorithmic Investment Models LLC’s investment portfolio, making the stock its 26th largest position. Algorithmic Investment Models LLC owned about 0.10% of First Trust Senior Loan ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTSL. Asset Dedication LLC purchased a new stake in shares of First Trust Senior Loan ETF in the second quarter valued at $28,000. GoalVest Advisory LLC purchased a new position in shares of First Trust Senior Loan ETF during the second quarter valued at $43,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in First Trust Senior Loan ETF during the third quarter valued at $137,000. Qube Research & Technologies Ltd lifted its stake in First Trust Senior Loan ETF by 111.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,251 shares of the company’s stock worth $149,000 after acquiring an additional 1,714 shares in the last quarter. Finally, CX Institutional purchased a new stake in First Trust Senior Loan ETF in the 3rd quarter worth about $149,000.

First Trust Senior Loan ETF Stock Down 0.6%

NASDAQ:FTSL opened at $45.09 on Monday. First Trust Senior Loan ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.19. The stock’s 50-day moving average is $45.72 and its two-hundred day moving average is $45.85.

First Trust Senior Loan ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.24 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, February 20th.

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