American Financial Advisors LLC Has $2.90 Million Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

American Financial Advisors LLC lessened its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 21.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 62,856 shares of the company’s stock after selling 16,804 shares during the quarter. American Financial Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $2,896,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flagstar Advisors Inc. grew its holdings in shares of First Trust Senior Loan ETF by 361.2% in the 4th quarter. Flagstar Advisors Inc. now owns 61,938 shares of the company’s stock valued at $2,854,000 after buying an additional 48,508 shares during the period. Blackhawk Capital Partners LLC. boosted its stake in First Trust Senior Loan ETF by 0.9% in the 3rd quarter. Blackhawk Capital Partners LLC. now owns 52,879 shares of the company’s stock worth $2,419,000 after purchasing an additional 490 shares during the period. PCG Wealth Advisors LLC boosted its stake in First Trust Senior Loan ETF by 5.9% in the 4th quarter. PCG Wealth Advisors LLC now owns 33,610 shares of the company’s stock worth $1,548,000 after purchasing an additional 1,874 shares during the period. Exencial Wealth Advisors LLC boosted its stake in First Trust Senior Loan ETF by 32.3% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 15,316 shares of the company’s stock worth $701,000 after purchasing an additional 3,740 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in First Trust Senior Loan ETF by 0.7% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 147,740 shares of the company’s stock worth $6,758,000 after purchasing an additional 1,049 shares during the period.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL traded down $0.04 on Friday, reaching $46.18. The company had a trading volume of 129,162 shares, compared to its average volume of 328,676. First Trust Senior Loan ETF has a 1-year low of $44.53 and a 1-year high of $46.99. The company’s fifty day moving average is $46.18 and its 200-day moving average is $45.97.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a $0.30 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend was Thursday, March 21st.

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.