Prudential PLC Acquires 4,000 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Prudential PLC lifted its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,550 shares of the company’s stock after buying an additional 4,000 shares during the quarter. Prudential PLC owned about 0.12% of First Trust Senior Loan ETF worth $2,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in shares of First Trust Senior Loan ETF by 3.9% in the third quarter. Captrust Financial Advisors now owns 27,801 shares of the company’s stock worth $1,276,000 after acquiring an additional 1,052 shares during the period. Benjamin Edwards Inc. purchased a new stake in First Trust Senior Loan ETF during the 3rd quarter worth about $718,000. Integrated Wealth Concepts LLC boosted its stake in First Trust Senior Loan ETF by 131.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,632 shares of the company’s stock worth $671,000 after purchasing an additional 8,314 shares during the period. Jane Street Group LLC boosted its stake in First Trust Senior Loan ETF by 24.8% in the 3rd quarter. Jane Street Group LLC now owns 126,138 shares of the company’s stock worth $5,788,000 after purchasing an additional 25,052 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in First Trust Senior Loan ETF during the 3rd quarter valued at about $2,786,000.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock opened at $44.58 on Friday. The company’s 50-day moving average price is $46.00 and its 200-day moving average price is $46.15. First Trust Senior Loan ETF has a 12-month low of $44.52 and a 12-month high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.26 per share. This represents a $3.12 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend was Thursday, March 27th.

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.