Bank of America Corp DE Raises Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Bank of America Corp DE grew its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,861,253 shares of the company’s stock after buying an additional 72,249 shares during the quarter. Bank of America Corp DE owned 3.67% of First Trust Senior Loan ETF worth $86,064,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FTSL. BNP Paribas Financial Markets purchased a new stake in shares of First Trust Senior Loan ETF during the 4th quarter worth $148,000. Ameriprise Financial Inc. purchased a new stake in shares of First Trust Senior Loan ETF during the 4th quarter worth $949,000. Comerica Bank lifted its stake in shares of First Trust Senior Loan ETF by 1.7% during the 4th quarter. Comerica Bank now owns 50,662 shares of the company’s stock worth $2,343,000 after purchasing an additional 835 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of First Trust Senior Loan ETF by 5.1% during the 4th quarter. Capital Analysts LLC now owns 9,541 shares of the company’s stock worth $441,000 after purchasing an additional 459 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of First Trust Senior Loan ETF by 0.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 583,989 shares of the company’s stock worth $27,004,000 after purchasing an additional 1,516 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL opened at $45.75 on Monday. The business has a fifty day moving average price of $45.58 and a 200 day moving average price of $46.01. First Trust Senior Loan ETF has a 1-year low of $44.30 and a 1-year high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were paid a $0.2575 dividend. This represents a $3.09 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend was Tuesday, April 22nd.

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.