Apollon Wealth Management LLC Trims Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Apollon Wealth Management LLC cut its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 76.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,609 shares of the company’s stock after selling 37,118 shares during the period. Apollon Wealth Management LLC’s holdings in First Trust Senior Loan ETF were worth $533,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FTSL. One Capital Management LLC lifted its position in shares of First Trust Senior Loan ETF by 4.7% during the 2nd quarter. One Capital Management LLC now owns 1,362,059 shares of the company’s stock valued at $62,260,000 after buying an additional 60,909 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in First Trust Senior Loan ETF by 22.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock worth $42,050,000 after acquiring an additional 166,180 shares during the period. Flaharty Asset Management LLC boosted its position in shares of First Trust Senior Loan ETF by 1.8% in the second quarter. Flaharty Asset Management LLC now owns 741,326 shares of the company’s stock worth $33,886,000 after purchasing an additional 12,795 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of First Trust Senior Loan ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 728,333 shares of the company’s stock worth $33,292,000 after purchasing an additional 73,314 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of First Trust Senior Loan ETF by 0.7% during the 1st quarter. Osaic Holdings Inc. now owns 714,363 shares of the company’s stock valued at $33,012,000 after purchasing an additional 4,634 shares during the period.

First Trust Senior Loan ETF Stock Performance

FTSL opened at $46.36 on Friday. The firm’s fifty day moving average is $46.11 and its 200 day moving average is $46.04. First Trust Senior Loan ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.99.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a $0.29 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.