First Trust Senior Loan ETF (NASDAQ:FTSL) Hits New 52-Week Low – Time to Sell?

First Trust Senior Loan ETF (NASDAQ:FTSL) reached a new 52-week low during trading on Thursday . The company traded as low as $43.77 and last traded at $43.77, with a volume of 567 shares. The stock had previously closed at $44.88.

First Trust Senior Loan ETF Stock Down 0.0%

The business has a 50 day moving average price of $45.02 and a 200 day moving average price of $45.34.

First Trust Senior Loan ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 6.3%.

Institutional Investors Weigh In On First Trust Senior Loan ETF

Several institutional investors have recently modified their holdings of the business. Cozad Asset Management Inc. boosted its position in shares of First Trust Senior Loan ETF by 2.0% during the third quarter. Cozad Asset Management Inc. now owns 11,957 shares of the company’s stock valued at $548,000 after buying an additional 233 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in First Trust Senior Loan ETF by 0.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 44,136 shares of the company’s stock valued at $2,023,000 after purchasing an additional 234 shares during the period. Helium Advisors LLC raised its stake in First Trust Senior Loan ETF by 1.6% during the 4th quarter. Helium Advisors LLC now owns 15,360 shares of the company’s stock valued at $705,000 after purchasing an additional 238 shares during the period. Integrated Advisors Network LLC raised its stake in First Trust Senior Loan ETF by 0.4% during the 3rd quarter. Integrated Advisors Network LLC now owns 69,505 shares of the company’s stock valued at $3,186,000 after purchasing an additional 251 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in First Trust Senior Loan ETF by 0.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 40,887 shares of the company’s stock valued at $1,876,000 after purchasing an additional 253 shares during the period.

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.