Welch & Forbes LLC Cuts Position in First Trust Senior Loan ETF $FTSL

Welch & Forbes LLC decreased its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 9.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 631,873 shares of the company’s stock after selling 65,089 shares during the period. Welch & Forbes LLC owned 1.25% of First Trust Senior Loan ETF worth $28,308,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Triumph Capital Management purchased a new position in First Trust Senior Loan ETF during the third quarter valued at $26,000. Smartleaf Asset Management LLC purchased a new stake in shares of First Trust Senior Loan ETF in the fourth quarter worth $30,000. Raleigh Capital Management Inc. purchased a new stake in shares of First Trust Senior Loan ETF in the first quarter worth $30,000. Sound Income Strategies LLC increased its holdings in shares of First Trust Senior Loan ETF by 140.3% during the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock valued at $46,000 after acquiring an additional 599 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new position in shares of First Trust Senior Loan ETF during the fourth quarter valued at $48,000.

First Trust Senior Loan ETF Stock Performance

First Trust Senior Loan ETF stock traded up $0.05 during mid-day trading on Friday, reaching $44.92. The stock had a trading volume of 115,685 shares, compared to its average volume of 308,642. The company has a 50-day moving average price of $44.97 and a two-hundred day moving average price of $45.19. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.19.

First Trust Senior Loan ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 25th.

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.