Telemus Capital LLC Boosts Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Telemus Capital LLC grew its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 4.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 450,223 shares of the company’s stock after acquiring an additional 18,256 shares during the quarter. First Trust Senior Loan ETF accounts for 1.7% of Telemus Capital LLC’s holdings, making the stock its 15th largest holding. Telemus Capital LLC’s holdings in First Trust Senior Loan ETF were worth $20,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in FTSL. Whittier Trust Co. acquired a new stake in shares of First Trust Senior Loan ETF in the fourth quarter worth approximately $36,000. Consultiva Wealth Management CORP. acquired a new position in First Trust Senior Loan ETF during the third quarter worth $99,000. Provence Wealth Management Group acquired a new position in First Trust Senior Loan ETF during the third quarter worth $123,000. NBC Securities Inc. acquired a new position in First Trust Senior Loan ETF during the third quarter worth $162,000. Finally, OneAscent Financial Services LLC acquired a new position in First Trust Senior Loan ETF during the third quarter worth $230,000.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL opened at $46.28 on Tuesday. The stock’s fifty day moving average is $46.18 and its two-hundred day moving average is $45.99. First Trust Senior Loan ETF has a fifty-two week low of $44.53 and a fifty-two week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a $0.30 dividend. This represents a $3.60 annualized dividend and a dividend yield of 7.78%. The ex-dividend date of this dividend was Thursday, March 21st.

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.