Envestnet Asset Management Inc. Decreases Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Envestnet Asset Management Inc. cut its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 569,098 shares of the company’s stock after selling 240,490 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Senior Loan ETF were worth $26,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FTSL. PNC Financial Services Group Inc. acquired a new stake in First Trust Senior Loan ETF in the fourth quarter valued at $25,000. MassMutual Private Wealth & Trust FSB purchased a new stake in First Trust Senior Loan ETF during the fourth quarter worth approximately $32,000. DHJJ Financial Advisors Ltd. boosted its holdings 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 valued at $36,000 after purchasing an additional 611 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in First Trust Senior Loan ETF in the fourth quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC raised its holdings in First Trust Senior Loan ETF by 27.4% during the fourth 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 Performance

Shares of NASDAQ:FTSL opened at $45.15 on Friday. The firm has a 50 day simple moving average of $45.83 and a 200-day simple moving average of $46.09. First Trust Senior Loan ETF has a twelve month low of $44.30 and a twelve month high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.26 dividend. The ex-dividend date was Thursday, March 27th. This represents a $3.12 annualized dividend and a yield of 6.91%.

First Trust Senior Loan ETF 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.