Meridian Wealth Management LLC Cuts Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Meridian Wealth Management LLC lowered its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 20.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,026 shares of the company’s stock after selling 1,590 shares during the quarter. Meridian Wealth Management LLC’s holdings in First Trust Senior Loan ETF were worth $277,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. One Capital Management LLC increased its holdings in First Trust Senior Loan ETF by 4.7% in the 2nd quarter. One Capital Management LLC now owns 1,362,059 shares of the company’s stock valued at $62,260,000 after acquiring an additional 60,909 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust Senior Loan ETF by 22.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock worth $42,050,000 after buying an additional 166,180 shares in the last quarter. Flaharty Asset Management LLC boosted its stake in First Trust Senior Loan ETF by 1.8% during the second quarter. Flaharty Asset Management LLC now owns 741,326 shares of the company’s stock valued at $33,886,000 after buying an additional 12,795 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in First Trust Senior Loan ETF by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 728,333 shares of the company’s stock valued at $33,292,000 after buying an additional 73,314 shares in the last quarter. Finally, Raymond James & Associates increased its stake in First Trust Senior Loan ETF by 3.6% in the 2nd quarter. Raymond James & Associates now owns 519,224 shares of the company’s stock worth $23,734,000 after acquiring an additional 18,048 shares during the last quarter.

First Trust Senior Loan ETF Stock Up 0.1 %

Shares of FTSL opened at $46.29 on Tuesday. First Trust Senior Loan ETF has a 1 year low of $45.01 and a 1 year high of $46.99. The business’s 50 day simple moving average is $46.15 and its 200-day simple moving average is $46.05.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 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.