Kovack Advisors Inc. Purchases 23,858 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Kovack Advisors Inc. grew its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 38.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 86,508 shares of the company’s stock after buying an additional 23,858 shares during the quarter. Kovack Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $4,000,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FTSL. MassMutual Private Wealth & Trust FSB bought a new position in shares of First Trust Senior Loan ETF during the fourth quarter valued at about $32,000. DHJJ Financial Advisors Ltd. raised its stake in First Trust Senior Loan ETF by 377.2% in the fourth quarter. DHJJ Financial Advisors Ltd. now owns 773 shares of the company’s stock worth $36,000 after buying an additional 611 shares in the last quarter. Peterson Financial Group Inc. bought a new position in First Trust Senior Loan ETF in the third quarter worth about $98,000. Global Retirement Partners LLC raised its stake in First Trust Senior Loan ETF by 27.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,954 shares of the company’s stock worth $137,000 after buying an additional 635 shares in the last quarter. Finally, FLC Capital Advisors bought a new position in First Trust Senior Loan ETF in the fourth quarter worth about $210,000.

First Trust Senior Loan ETF Price Performance

FTSL stock opened at $45.99 on Thursday. First Trust Senior Loan ETF has a 1 year low of $45.23 and a 1 year high of $46.99. The firm has a 50-day moving average of $46.27 and a 200 day moving average of $46.17.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.2625 dividend. The ex-dividend date of this dividend is Friday, February 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.