Concorde Asset Management LLC Invests $3.28 Million in First Trust Senior Loan ETF $FTSL

Concorde Asset Management LLC bought a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSLFree Report) in the first quarter, Holdings Channel.com reports. The institutional investor bought 73,167 shares of the company’s stock, valued at approximately $3,278,000. First Trust Senior Loan ETF accounts for 1.6% of Concorde Asset Management LLC’s portfolio, making the stock its 16th biggest holding.

A number of other institutional investors also recently bought and sold shares of FTSL. Triumph Capital Management acquired a new stake in First Trust Senior Loan ETF during the 3rd quarter valued at approximately $26,000. Smartleaf Asset Management LLC purchased a new stake in shares of First Trust Senior Loan ETF in the 4th quarter valued at $30,000. Raleigh Capital Management Inc. acquired a new stake in shares of First Trust Senior Loan ETF in the first quarter worth $30,000. Sound Income Strategies LLC increased its stake in shares of First Trust Senior Loan ETF by 140.3% in the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after acquiring an additional 599 shares during the period. Finally, TD Private Client Wealth LLC purchased a new position in shares of First Trust Senior Loan ETF during the fourth quarter worth $48,000.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock opened at $44.83 on Friday. The firm has a fifty day moving average price of $44.88 and a 200 day moving average price of $45.07. First Trust Senior Loan ETF has a 1 year low of $44.37 and a 1 year high of $46.15.

First Trust Senior Loan ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a dividend of $0.225 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, July 21st.

About First Trust Senior Loan ETF

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FTSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Senior Loan ETF (NASDAQ:FTSLFree Report).

Institutional Ownership by Quarter for First Trust Senior Loan ETF (NASDAQ:FTSL)

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