19,122 First Trust Senior Loan ETF $FTSL Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lessened its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 3.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 578,029 shares of the company’s stock after selling 19,122 shares during the quarter. Welch & Forbes LLC owned approximately 1.04% of First Trust Senior Loan ETF worth $25,763,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in First Trust Senior Loan ETF during the 3rd quarter worth about $376,000. Endowment Wealth Management Inc. lifted its stake in shares of First Trust Senior Loan ETF by 16.2% in the third quarter. Endowment Wealth Management Inc. now owns 45,577 shares of the company’s stock valued at $2,031,000 after buying an additional 6,345 shares in the last quarter. StoneX Group Inc. acquired a new position in First Trust Senior Loan ETF during the 3rd quarter valued at about $245,000. United Advisor Group LLC bought a new stake in First Trust Senior Loan ETF during the third quarter worth $903,000. Finally, Kestra Advisory Services LLC grew its stake in shares of First Trust Senior Loan ETF by 18.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 118,788 shares of the company’s stock worth $5,294,000 after acquiring an additional 18,702 shares in the last quarter.

First Trust Senior Loan ETF Trading Up 0.4%

NASDAQ:FTSL opened at $44.68 on Tuesday. The firm has a 50-day moving average price of $44.68 and a two-hundred day moving average price of $44.92. First Trust Senior Loan ETF has a 52 week low of $44.25 and a 52 week high of $46.09.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were paid a dividend of $0.2250 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Wednesday, October 21st.

First Trust Senior Loan ETF 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.