Migdal Insurance & Financial Holdings Ltd. Lowers Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Migdal Insurance & Financial Holdings Ltd. lessened its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 37.1% during the 4th quarter, Holdings Channel reports. The firm owned 7,616 shares of the company’s stock after selling 4,501 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in First Trust Senior Loan ETF were worth $351,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Flagstar Advisors Inc. raised its holdings in First Trust Senior Loan ETF by 361.2% during the fourth quarter. Flagstar Advisors Inc. now owns 61,938 shares of the company’s stock worth $2,854,000 after purchasing an additional 48,508 shares in the last quarter. Blackhawk Capital Partners LLC. raised its holdings in First Trust Senior Loan ETF by 0.9% during the third 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 in the last quarter. PCG Wealth Advisors LLC raised its holdings in First Trust Senior Loan ETF by 5.9% during the fourth 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 in the last quarter. Exencial Wealth Advisors LLC raised its holdings in First Trust Senior Loan ETF by 32.3% during the third 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 in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in First Trust Senior Loan ETF by 0.7% during the third 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 in the last quarter.

First Trust Senior Loan ETF Price Performance

FTSL stock opened at $46.22 on Friday. First Trust Senior Loan ETF has a twelve month low of $44.53 and a twelve month high of $46.99. The company’s 50 day moving average is $46.18 and its two-hundred day moving average is $45.97.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.30 per share. The ex-dividend date was Thursday, March 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.79%.

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.