Flaharty Asset Management LLC Buys 2,158 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Flaharty Asset Management LLC increased its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 782,856 shares of the company’s stock after acquiring an additional 2,158 shares during the period. First Trust Senior Loan ETF comprises 5.7% of Flaharty Asset Management LLC’s holdings, making the stock its 4th largest position. Flaharty Asset Management LLC’s holdings in First Trust Senior Loan ETF were worth $36,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. purchased a new position in First Trust Senior Loan ETF during the fourth quarter worth approximately $36,000. Consultiva Wealth Management CORP. purchased a new position in shares of First Trust Senior Loan ETF in the third quarter valued at approximately $99,000. Provence Wealth Management Group purchased a new position in shares of First Trust Senior Loan ETF in the third quarter valued at approximately $123,000. NBC Securities Inc. purchased a new position in shares of First Trust Senior Loan ETF in the third quarter valued at approximately $162,000. Finally, Concorde Asset Management LLC purchased a new position in shares of First Trust Senior Loan ETF in the third quarter valued at approximately $293,000.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL traded up $0.03 during midday trading on Monday, hitting $46.06. The stock had a trading volume of 27,249 shares, compared to its average volume of 317,608. The stock has a 50 day simple moving average of $46.18 and a 200-day simple moving average of $46.00. First Trust Senior Loan ETF has a 1 year low of $44.53 and a 1 year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be given a $0.295 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $3.54 annualized dividend and a dividend yield of 7.69%.

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.