Cetera Investment Advisers Cuts Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Cetera Investment Advisers lessened its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 7.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 265,088 shares of the company’s stock after selling 22,627 shares during the quarter. Cetera Investment Advisers’ holdings in First Trust Senior Loan ETF were worth $12,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in First Trust Senior Loan ETF in the 4th quarter worth $25,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of First Trust Senior Loan ETF in the fourth quarter worth about $32,000. DHJJ Financial Advisors Ltd. boosted its stake in First Trust Senior Loan ETF by 377.2% during the fourth quarter. DHJJ Financial Advisors Ltd. now owns 773 shares of the company’s stock valued at $36,000 after buying an additional 611 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in First Trust Senior Loan ETF during the 4th quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC increased its stake in First Trust Senior Loan ETF by 27.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,954 shares of the company’s stock worth $137,000 after acquiring an additional 635 shares during the last quarter.

First Trust Senior Loan ETF Trading Up 0.1 %

NASDAQ FTSL opened at $45.75 on Friday. The stock has a 50 day moving average price of $45.58 and a 200-day moving average price of $46.01. First Trust Senior Loan ETF has a one year low of $44.30 and a one year high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

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

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.