First Trust Senior Loan ETF $FTSL Position Increased by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC lifted its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 10.5% in the third quarter, HoldingsChannel.com reports. The firm owned 173,796 shares of the company’s stock after acquiring an additional 16,568 shares during the period. Lake Street Private Wealth LLC’s holdings in First Trust Senior Loan ETF were worth $7,746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTSL. Continuum Advisory LLC acquired a new stake in First Trust Senior Loan ETF during the second quarter worth $28,000. Raleigh Capital Management Inc. bought a new stake in First Trust Senior Loan ETF in the 1st quarter valued at $30,000. Sound Income Strategies LLC raised its stake in shares of First Trust Senior Loan ETF by 140.3% in the 1st quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock valued at $46,000 after buying an additional 599 shares in the last quarter. Tucker Asset Management LLC raised its stake in shares of First Trust Senior Loan ETF by 1,925.3% in the 2nd quarter. Tucker Asset Management LLC now owns 1,843 shares of the company’s stock valued at $82,000 after buying an additional 1,752 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of First Trust Senior Loan ETF in the 1st quarter valued at $84,000.

First Trust Senior Loan ETF Stock Down 0.1%

NASDAQ:FTSL opened at $44.33 on Friday. The company has a 50-day moving average of $44.78 and a 200-day moving average of $44.89. First Trust Senior Loan ETF has a 52 week low of $44.26 and a 52 week high of $46.09.

First Trust Senior Loan ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be paid a $0.2250 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.70 dividend on an annualized basis and a yield of 6.1%.

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