Concurrent Investment Advisors LLC Raises Stock Position in First Trust Senior Loan ETF $FTSL

Concurrent Investment Advisors LLC boosted its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 107.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 593,455 shares of the company’s stock after purchasing an additional 307,204 shares during the period. Concurrent Investment Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $26,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FTSL. Brighton Jones LLC lifted its position in shares of First Trust Senior Loan ETF by 22.4% during the fourth quarter. Brighton Jones LLC now owns 5,860 shares of the company’s stock worth $271,000 after purchasing an additional 1,073 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in First Trust Senior Loan ETF in the 1st quarter worth $5,254,000. Qube Research & Technologies Ltd grew its stake in shares of First Trust Senior Loan ETF by 111.5% during the second quarter. Qube Research & Technologies Ltd now owns 3,251 shares of the company’s stock valued at $149,000 after acquiring an additional 1,714 shares in the last quarter. Betterment LLC grew its stake in shares of First Trust Senior Loan ETF by 9.0% during the second quarter. Betterment LLC now owns 8,957 shares of the company’s stock valued at $411,000 after acquiring an additional 741 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in shares of First Trust Senior Loan ETF by 316.0% during the second quarter. Ausdal Financial Partners Inc. now owns 23,860 shares of the company’s stock worth $1,095,000 after acquiring an additional 18,125 shares during the last quarter.

First Trust Senior Loan ETF Trading Up 0.0%

NASDAQ:FTSL opened at $44.90 on Friday. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.15. The business’s 50-day simple moving average is $44.86 and its 200 day simple moving average is $44.94.

First Trust Senior Loan ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) dividend on an annualized basis 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.