Compass Financial Management LLC Takes Position in First Trust Senior Loan ETF $FTSL

Compass Financial Management LLC purchased a new stake in First Trust Senior Loan ETF (NASDAQ:FTSL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,086 shares of the company’s stock, valued at approximately $1,212,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Yanni & Associates Investment Advisors LLC lifted its position in First Trust Senior Loan ETF by 2.1% during the second quarter. Yanni & Associates Investment Advisors LLC now owns 34,784 shares of the company’s stock worth $1,557,000 after buying an additional 732 shares in the last quarter. TL Private Wealth grew its holdings in First Trust Senior Loan ETF by 7.7% in the 2nd quarter. TL Private Wealth now owns 579,910 shares of the company’s stock valued at $25,974,000 after buying an additional 41,544 shares in the last quarter. Colorado Capital Management Inc. increased its stake in shares of First Trust Senior Loan ETF by 3.6% in the 2nd quarter. Colorado Capital Management Inc. now owns 86,128 shares of the company’s stock worth $3,854,000 after acquiring an additional 3,000 shares during the last quarter. Puff Wealth Management LLC acquired a new stake in shares of First Trust Senior Loan ETF in the 2nd quarter worth $829,000. Finally, Balefire LLC raised its holdings in shares of First Trust Senior Loan ETF by 13.7% during the 2nd quarter. Balefire LLC now owns 11,574 shares of the company’s stock worth $518,000 after acquiring an additional 1,393 shares during the period.

First Trust Senior Loan ETF Price Performance

Shares of FTSL stock opened at $44.76 on Monday. First Trust Senior Loan ETF has a twelve month low of $44.37 and a twelve month high of $46.15. The company’s 50-day moving average price is $44.87 and its 200-day moving average price is $44.97.

First Trust Senior Loan ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 6.0%.

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.