Kovack Advisors Inc. Increases Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Kovack Advisors Inc. increased its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 38.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,508 shares of the company’s stock after acquiring an additional 23,858 shares during the period. Kovack Advisors Inc. owned about 0.17% of First Trust Senior Loan ETF worth $4,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC grew its position in First Trust Senior Loan ETF by 12.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 582,473 shares of the company’s stock worth $26,730,000 after acquiring an additional 64,467 shares in the last quarter. TL Private Wealth lifted its stake in First Trust Senior Loan ETF by 1.6% in the fourth quarter. TL Private Wealth now owns 466,873 shares of the company’s stock worth $21,668,000 after purchasing an additional 7,189 shares during the last quarter. Virtue Capital Management LLC lifted its stake in First Trust Senior Loan ETF by 11.1% in the third quarter. Virtue Capital Management LLC now owns 433,590 shares of the company’s stock worth $19,897,000 after purchasing an additional 43,432 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its stake in First Trust Senior Loan ETF by 1.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 368,041 shares of the company’s stock worth $17,018,000 after purchasing an additional 3,647 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in First Trust Senior Loan ETF by 3,386.8% in the third quarter. International Assets Investment Management LLC now owns 339,788 shares of the company’s stock worth $15,593,000 after purchasing an additional 330,043 shares during the last quarter.

First Trust Senior Loan ETF Price Performance

First Trust Senior Loan ETF stock opened at $45.99 on Thursday. The firm has a fifty day simple moving average of $46.27 and a two-hundred day simple moving average of $46.17. 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 will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.2625 dividend. The ex-dividend date of this dividend is Friday, February 21st.

About First Trust Senior Loan ETF

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.