DAVENPORT & Co LLC Buys 18,911 Shares of First Trust Senior Loan ETF $FTSL

DAVENPORT & Co LLC grew its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,784 shares of the company’s stock after buying an additional 18,911 shares during the period. DAVENPORT & Co LLC owned 0.33% of First Trust Senior Loan ETF worth $7,790,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in First Trust Senior Loan ETF during the 3rd quarter worth approximately $26,000. Asset Dedication LLC bought a new position in shares of First Trust Senior Loan ETF in the second quarter worth approximately $28,000. Montag A & Associates Inc. bought a new position in shares of First Trust Senior Loan ETF in the third quarter worth approximately $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 Stock Performance

FTSL opened at $44.67 on Friday. First Trust Senior Loan ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.19. The firm’s fifty day moving average is $45.21 and its 200 day moving average is $45.66.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

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.