Dynamic Advisor Solutions LLC Has $1.21 Million Stake in First Trust Senior Loan ETF $FTSL

Dynamic Advisor Solutions LLC trimmed its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 29.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,355 shares of the company’s stock after selling 11,141 shares during the period. Dynamic Advisor Solutions LLC owned 0.05% of First Trust Senior Loan ETF worth $1,209,000 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 the stock. Wealth Enhancement Advisory Services LLC grew its holdings in First Trust Senior Loan ETF by 2.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 244,320 shares of the company’s stock valued at $11,236,000 after purchasing an additional 5,864 shares during the last quarter. Lake Street Private Wealth LLC lifted its stake in shares of First Trust Senior Loan ETF by 3.0% in the fourth quarter. Lake Street Private Wealth LLC now owns 155,424 shares of the company’s stock worth $7,131,000 after buying an additional 4,536 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its stake in shares of First Trust Senior Loan ETF by 3.2% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 403,906 shares of the company’s stock worth $18,531,000 after buying an additional 12,423 shares during the last quarter. PVG Asset Management Corp boosted its holdings in shares of First Trust Senior Loan ETF by 16.6% during the 3rd quarter. PVG Asset Management Corp now owns 6,030 shares of the company’s stock worth $276,000 after buying an additional 860 shares during the period. Finally, Triumph Capital Management bought a new stake in shares of First Trust Senior Loan ETF during the 3rd quarter worth $26,000.

First Trust Senior Loan ETF Trading Up 0.1%

NASDAQ:FTSL opened at $45.00 on Thursday. First Trust Senior Loan ETF has a 1 year low of $44.30 and a 1 year high of $46.19. The firm’s fifty day simple moving average is $45.24 and its 200 day simple moving average is $45.67.

First Trust Senior Loan ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was 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.