Fifth Third Bancorp Makes New Investment in First Trust Senior Loan ETF $FTSL

Fifth Third Bancorp purchased a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 40,939 shares of the company’s stock, valued at approximately $1,834,000. Fifth Third Bancorp owned about 0.08% of First Trust Senior Loan ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Triumph Capital Management purchased a new position in shares of First Trust Senior Loan ETF during the 3rd quarter valued at about $26,000. Raleigh Capital Management Inc. purchased a new position in First Trust Senior Loan ETF during the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC bought a new position in shares of First Trust Senior Loan ETF in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC boosted its position in shares of First Trust Senior Loan ETF by 140.3% in the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after purchasing an additional 599 shares during the period. Finally, TD Private Client Wealth LLC bought a new position in shares of First Trust Senior Loan ETF in the fourth quarter worth approximately $48,000.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ FTSL opened at $44.73 on Thursday. First Trust Senior Loan ETF has a 1 year low of $44.37 and a 1 year high of $46.15. The firm has a fifty day moving average price of $44.93 and a 200-day moving average price of $45.13.

First Trust Senior Loan ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) annualized dividend and a yield of 6.0%.

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