First Trust Senior Loan ETF to Issue Monthly Dividend of $0.23 (NASDAQ:FTSL)

First Trust Senior Loan ETF (NASDAQ:FTSLGet Free Report) declared a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Investors of record on Tuesday, July 21st will be paid a dividend of 0.225 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Senior Loan ETF Stock Down 0.4%

Shares of FTSL stock traded down $0.19 during mid-day trading on Tuesday, reaching $44.76. 151,703 shares of the company were exchanged, compared to its average volume of 304,621. First Trust Senior Loan ETF has a fifty-two week low of $44.37 and a fifty-two week high of $46.15. The business’s 50 day simple moving average is $44.94 and its 200 day simple moving average is $45.14.

Hedge Funds Weigh In On First Trust Senior Loan ETF

Several large investors have recently added to or reduced their stakes in FTSL. Triumph Capital Management bought a new position in shares of First Trust Senior Loan ETF in the 3rd quarter worth about $26,000. Raleigh Capital Management Inc. bought a new stake in shares of First Trust Senior Loan ETF during the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC acquired a new position in shares of First Trust Senior Loan ETF during the fourth quarter worth approximately $30,000. Sound Income Strategies LLC boosted its position in shares of First Trust Senior Loan ETF by 140.3% during the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after buying an additional 599 shares during the period. Finally, TD Private Client Wealth LLC bought a new position in First Trust Senior Loan ETF in the 4th quarter worth approximately $48,000.

About First Trust Senior Loan ETF

(Get 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.

Further Reading

Dividend History for First Trust Senior Loan ETF (NASDAQ:FTSL)

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