First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Strong Trading Volume – Time to Buy?

Shares of First Trust Senior Loan ETF (NASDAQ:FTSL) saw unusually-high trading volume on Tuesday . 1,434,805 shares traded hands during trading, an increase of 408% from the previous session’s volume of 282,526 shares.The stock last traded at $44.89 and had previously closed at $44.91.

First Trust Senior Loan ETF Stock Down 0.1%

The stock has a fifty day moving average price of $44.85 and a two-hundred day moving average price of $44.94.

First Trust Senior Loan ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a dividend of $0.225 per share. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Trading of First Trust Senior Loan ETF

Several institutional investors have recently made changes to their positions in the company. Triumph Capital Management purchased a new position in First Trust Senior Loan ETF during the third quarter worth about $26,000. Continuum Advisory LLC purchased a new position in shares of First Trust Senior Loan ETF in the 2nd quarter worth approximately $28,000. Raleigh Capital Management Inc. purchased a new position in shares of First Trust Senior Loan ETF in the 1st quarter worth approximately $30,000. Smartleaf Asset Management LLC bought a new position in shares of First Trust Senior Loan ETF in the fourth quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC grew its holdings in shares of First Trust Senior Loan ETF by 140.3% in the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock valued at $46,000 after acquiring an additional 599 shares in the last quarter.

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. FTSL was launched on May 1, 2013 and is managed by First Trust.