Key Client Fiduciary Advisors LLC Decreases Holdings in First Trust Senior Loan ETF $FTSL

Key Client Fiduciary Advisors LLC reduced its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,125 shares of the company’s stock after selling 12,575 shares during the period. Key Client Fiduciary Advisors LLC owned approximately 0.09% of First Trust Senior Loan ETF worth $2,019,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. New England Private Wealth Advisors LLC lifted its position in First Trust Senior Loan ETF by 2,022.3% during the 4th quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock worth $81,455,000 after acquiring an additional 1,691,007 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Senior Loan ETF by 7,657.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 898,262 shares of the company’s stock valued at $44,125,000 after purchasing an additional 886,682 shares during the period. Virtue Capital Management LLC raised its stake in shares of First Trust Senior Loan ETF by 3,790.6% during the fourth quarter. Virtue Capital Management LLC now owns 688,784 shares of the company’s stock valued at $31,622,000 after purchasing an additional 671,080 shares during the period. Focus Partners Wealth purchased a new stake in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $29,830,000. Finally, Concurrent Investment Advisors LLC lifted its position in shares of First Trust Senior Loan ETF by 1,473.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 313,785 shares of the company’s stock worth $14,396,000 after purchasing an additional 293,847 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL stock opened at $44.92 on Monday. The firm has a fifty day simple moving average of $44.87 and a 200-day simple moving average of $45.02. First Trust Senior Loan ETF has a twelve month low of $44.37 and a twelve month high of $46.15.

First Trust Senior Loan ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a $0.225 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, July 21st.

About First Trust Senior Loan ETF

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.