LPL Financial LLC Increases Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

LPL Financial LLC increased its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 23.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,919,381 shares of the company’s stock after purchasing an additional 369,005 shares during the period. LPL Financial LLC owned approximately 3.79% of First Trust Senior Loan ETF worth $88,752,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its holdings in First Trust Senior Loan ETF by 5.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,157 shares of the company’s stock valued at $331,000 after buying an additional 378 shares in the last quarter. Gray Wealth Management Inc. raised its stake in shares of First Trust Senior Loan ETF by 12.1% during the fourth quarter. Gray Wealth Management Inc. now owns 7,833 shares of the company’s stock valued at $362,000 after acquiring an additional 846 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of First Trust Senior Loan ETF by 5.4% in the fourth quarter. Harbour Investments Inc. now owns 45,548 shares of the company’s stock valued at $2,106,000 after purchasing an additional 2,341 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in First Trust Senior Loan ETF by 155.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 62,990 shares of the company’s stock worth $2,913,000 after purchasing an additional 38,357 shares in the last quarter. Finally, First Financial Group Corp purchased a new position in First Trust Senior Loan ETF during the 4th quarter worth $2,212,000.

First Trust Senior Loan ETF Stock Performance

FTSL stock opened at $46.06 on Wednesday. First Trust Senior Loan ETF has a 1-year low of $45.23 and a 1-year high of $46.99. The business has a 50-day moving average price of $46.13 and a 200 day moving average price of $46.18.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.2625 dividend. The ex-dividend date of this dividend was 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.