Coastwise Capital Group LLC Raises Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Coastwise Capital Group LLC increased its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 33.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,084 shares of the company’s stock after acquiring an additional 14,194 shares during the period. First Trust Senior Loan ETF comprises approximately 2.1% of Coastwise Capital Group LLC’s holdings, making the stock its 11th largest position. Coastwise Capital Group LLC owned approximately 0.11% of First Trust Senior Loan ETF worth $2,640,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Kovitz Investment Group Partners LLC lifted its position in First Trust Senior Loan ETF by 12.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 582,473 shares of the company’s stock valued at $26,730,000 after purchasing an additional 64,467 shares during the period. TL Private Wealth boosted its stake in shares of First Trust Senior Loan ETF by 1.6% in the 4th quarter. TL Private Wealth now owns 466,873 shares of the company’s stock worth $21,668,000 after buying an additional 7,189 shares during the last quarter. Virtue Capital Management LLC boosted its position in First Trust Senior Loan ETF by 11.1% in the third quarter. Virtue Capital Management LLC now owns 433,590 shares of the company’s stock worth $19,897,000 after purchasing an additional 43,432 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in First Trust Senior Loan ETF by 1.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 368,041 shares of the company’s stock worth $17,018,000 after purchasing an additional 3,647 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in First Trust Senior Loan ETF by 3,386.8% in the third quarter. International Assets Investment Management LLC now owns 339,788 shares of the company’s stock worth $15,593,000 after purchasing an additional 330,043 shares during the last quarter.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ:FTSL opened at $46.25 on Friday. The stock’s 50-day simple moving average is $46.32 and its two-hundred day simple moving average is $46.14. First Trust Senior Loan ETF has a 52-week low of $45.23 and a 52-week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, January 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.