Virtue Capital Management LLC Boosts Stock Holdings in First Trust Senior Loan ETF $FTSL

Virtue Capital Management LLC boosted its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 593,133 shares of the company’s stock after buying an additional 40,062 shares during the period. First Trust Senior Loan ETF comprises 4.3% of Virtue Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Virtue Capital Management LLC owned about 1.16% of First Trust Senior Loan ETF worth $27,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Asset Dedication LLC purchased a new position in First Trust Senior Loan ETF during the 2nd quarter valued at about $28,000. Sachetta LLC raised its holdings in First Trust Senior Loan ETF by 293.4% during the second quarter. Sachetta LLC now owns 771 shares of the company’s stock valued at $35,000 after buying an additional 575 shares in the last quarter. GoalVest Advisory LLC acquired a new position in First Trust Senior Loan ETF during the second quarter valued at approximately $43,000. AdvisorNet Financial Inc acquired a new stake in shares of First Trust Senior Loan ETF in the second quarter valued at about $45,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of First Trust Senior Loan ETF by 111.5% during the second quarter. Qube Research & Technologies Ltd now owns 3,251 shares of the company’s stock worth $149,000 after buying an additional 1,714 shares during the last quarter.

First Trust Senior Loan ETF Stock Down 0.1%

Shares of FTSL traded down $0.03 during trading hours on Friday, reaching $45.81. 180,466 shares of the company traded hands, compared to its average volume of 240,051. The stock’s fifty day moving average is $45.93 and its 200 day moving average is $45.93. First Trust Senior Loan ETF has a 1-year low of $44.30 and a 1-year high of $46.33.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, January 21st. This represents a c) annualized dividend and a yield of 6.3%.

First Trust Senior Loan ETF Company 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.