Wedbush Securities Inc. Acquires New Holdings in First Trust Senior Loan ETF $FTSL

Wedbush Securities Inc. bought a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 23,575 shares of the company’s stock, valued at approximately $1,051,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTSL. Lake Street Private Wealth LLC increased its position in shares of First Trust Senior Loan ETF by 10.5% during the 3rd quarter. Lake Street Private Wealth LLC now owns 173,796 shares of the company’s stock worth $7,746,000 after purchasing an additional 16,568 shares during the last quarter. Brookstone Capital Management lifted its position in First Trust Senior Loan ETF by 108.0% in the third quarter. Brookstone Capital Management now owns 10,329 shares of the company’s stock valued at $460,000 after buying an additional 5,363 shares during the last quarter. Arwa LLC acquired a new position in First Trust Senior Loan ETF in the third quarter valued at about $294,000. Pinnacle Associates Ltd. boosted its stake in First Trust Senior Loan ETF by 113.7% during the third quarter. Pinnacle Associates Ltd. now owns 98,675 shares of the company’s stock worth $4,398,000 after buying an additional 52,490 shares during the period. Finally, Wagner Wealth Management Corp purchased a new position in First Trust Senior Loan ETF during the third quarter worth about $614,000.

First Trust Senior Loan ETF Stock Up 0.0%

Shares of FTSL stock opened at $44.32 on Tuesday. First Trust Senior Loan ETF has a 1-year low of $44.25 and a 1-year high of $46.09. The company has a 50-day moving average of $44.75 and a two-hundred day moving average of $44.99.

First Trust Senior Loan ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be issued a $0.2250 dividend. This represents a $2.70 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, October 21st.

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.