First Trust Senior Loan ETF Announces Monthly Dividend of $0.23 (NASDAQ:FTSL)

First Trust Senior Loan ETF (NASDAQ:FTSL) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.225 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Thursday, September 24th.

First Trust Senior Loan ETF Stock Performance

FTSL traded down $0.23 during trading on Thursday, hitting $44.71. The stock had a trading volume of 41,125 shares, compared to its average volume of 286,716. First Trust Senior Loan ETF has a 12 month low of $44.37 and a 12 month high of $46.13. The company has a 50 day simple moving average of $44.89 and a 200-day simple moving average of $44.93.

Hedge Funds Weigh In On First Trust Senior Loan ETF

Several institutional investors have recently bought and sold shares of the business. Continuum Advisory LLC acquired a new position in shares of First Trust Senior Loan ETF in the 2nd quarter valued at $28,000. Raleigh Capital Management Inc. bought a new stake in shares of First Trust Senior Loan ETF in the 1st quarter valued at about $30,000. Sound Income Strategies LLC raised its position in shares of First Trust Senior Loan ETF by 140.3% in the 1st 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 during the period. Roxbury Financial LLC bought a new position in First Trust Senior Loan ETF during the 1st quarter worth approximately $78,000. Finally, Tucker Asset Management LLC grew its holdings in First Trust Senior Loan ETF by 1,925.3% during the second quarter. Tucker Asset Management LLC now owns 1,843 shares of the company’s stock valued at $82,000 after purchasing an additional 1,752 shares during the period.

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.