Fairway Financial LLC Invests $5.27 Million in First Trust Senior Loan ETF (NASDAQ:FTSL)

Fairway Financial LLC bought a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 114,051 shares of the company’s stock, valued at approximately $5,274,000. First Trust Senior Loan ETF accounts for about 4.8% of Fairway Financial LLC’s investment portfolio, making the stock its 12th biggest position. Fairway Financial LLC owned 0.22% of First Trust Senior Loan ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Aspen Investment Management Inc raised its position in First Trust Senior Loan ETF by 17.2% in the 4th quarter. Aspen Investment Management Inc now owns 81,738 shares of the company’s stock valued at $3,780,000 after buying an additional 12,005 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of First Trust Senior Loan ETF by 8.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 141,892 shares of the company’s stock worth $6,561,000 after acquiring an additional 10,559 shares during the period. Private Advisor Group LLC lifted its holdings in First Trust Senior Loan ETF by 33.8% during the 4th quarter. Private Advisor Group LLC now owns 85,355 shares of the company’s stock worth $3,947,000 after purchasing an additional 21,541 shares in the last quarter. Flagstar Advisors Inc. lifted its holdings in First Trust Senior Loan ETF by 3.0% during the 4th quarter. Flagstar Advisors Inc. now owns 59,459 shares of the company’s stock worth $2,749,000 after purchasing an additional 1,741 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in First Trust Senior Loan ETF by 27.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,954 shares of the company’s stock worth $137,000 after purchasing an additional 635 shares in the last quarter.

First Trust Senior Loan ETF Stock Up 0.0 %

NASDAQ:FTSL opened at $46.28 on Friday. The business’s 50-day moving average price is $46.28 and its two-hundred day moving average price is $46.16. First Trust Senior Loan ETF has a twelve month low of $45.23 and a twelve month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.