Kingswood Wealth Advisors LLC Makes New $414,000 Investment in First Trust Senior Loan ETF (NASDAQ:FTSL)

Kingswood Wealth Advisors LLC acquired a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,985 shares of the company’s stock, valued at approximately $414,000.

Several other institutional investors have also recently made changes to their positions in FTSL. Royal Bank of Canada grew its position in First Trust Senior Loan ETF by 28.9% during the first quarter. Royal Bank of Canada now owns 3,031,325 shares of the company’s stock valued at $142,624,000 after buying an additional 680,339 shares during the period. UBS Group AG grew its position in shares of First Trust Senior Loan ETF by 42.3% during the 1st quarter. UBS Group AG now owns 2,592,314 shares of the company’s stock valued at $121,968,000 after acquiring an additional 770,651 shares during the period. Bank of America Corp DE increased its stake in shares of First Trust Senior Loan ETF by 3.2% in the 1st quarter. Bank of America Corp DE now owns 2,255,547 shares of the company’s stock valued at $102,041,000 after purchasing an additional 70,865 shares in the last quarter. LPL Financial LLC raised its holdings in First Trust Senior Loan ETF by 3.2% in the 3rd quarter. LPL Financial LLC now owns 1,632,286 shares of the company’s stock worth $74,661,000 after purchasing an additional 50,250 shares during the period. Finally, One Capital Management LLC boosted its position in First Trust Senior Loan ETF by 26.4% during the third quarter. One Capital Management LLC now owns 981,470 shares of the company’s stock worth $44,892,000 after purchasing an additional 205,280 shares in the last quarter.

First Trust Senior Loan ETF Price Performance

Shares of FTSL opened at $46.18 on Thursday. The stock’s 50 day moving average is $46.10 and its two-hundred day moving average is $45.94. First Trust Senior Loan ETF has a 12 month low of $44.53 and a 12 month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $3.60 dividend on an annualized basis and a yield of 7.80%.

First Trust Senior Loan ETF 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.