Silver Oak Securities Incorporated Has $1.71 Million Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Silver Oak Securities Incorporated boosted its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 363.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,036 shares of the company’s stock after purchasing an additional 29,038 shares during the quarter. Silver Oak Securities Incorporated owned about 0.08% of First Trust Senior Loan ETF worth $1,706,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTSL. Whittier Trust Co. acquired a new position in First Trust Senior Loan ETF in the fourth quarter valued at approximately $36,000. Consultiva Wealth Management CORP. bought a new position in shares of First Trust Senior Loan ETF during the 3rd quarter worth $99,000. Provence Wealth Management Group purchased a new stake in First Trust Senior Loan ETF during the 3rd quarter worth about $123,000. NBC Securities Inc. purchased a new stake in shares of First Trust Senior Loan ETF in the 3rd quarter valued at about $162,000. Finally, Concorde Asset Management LLC purchased a new stake in shares of First Trust Senior Loan ETF in the 3rd quarter valued at about $293,000.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock traded up $0.04 during trading on Friday, hitting $46.03. 183,744 shares of the stock traded hands, compared to its average volume of 321,345. The firm’s fifty day moving average is $46.18 and its 200-day moving average is $45.99. First Trust Senior Loan ETF has a 52 week low of $44.53 and a 52 week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $3.54 dividend on an annualized basis and a yield of 7.69%.

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.