Little Harbor Advisors LLC Acquires 7,950 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Little Harbor Advisors LLC boosted its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 5.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 151,105 shares of the company’s stock after buying an additional 7,950 shares during the period. First Trust Senior Loan ETF comprises about 4.1% of Little Harbor Advisors LLC’s portfolio, making the stock its 6th biggest holding. Little Harbor Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $6,987,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new stake in First Trust Senior Loan ETF during the 4th quarter valued at approximately $501,000. JPMorgan Chase & Co. boosted its stake in First Trust Senior Loan ETF by 238.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,086 shares of the company’s stock valued at $8,815,000 after purchasing an additional 135,283 shares during the period. Stephens Inc. AR boosted its stake in First Trust Senior Loan ETF by 14.8% during the 4th quarter. Stephens Inc. AR now owns 5,646 shares of the company’s stock valued at $261,000 after purchasing an additional 730 shares during the period. SBI Securities Co. Ltd. bought a new stake in First Trust Senior Loan ETF during the 4th quarter valued at approximately $36,000. Finally, Concurrent Investment Advisors LLC boosted its stake in First Trust Senior Loan ETF by 8.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 141,892 shares of the company’s stock valued at $6,561,000 after purchasing an additional 10,559 shares during the period.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ:FTSL opened at $45.75 on Monday. The business has a 50 day moving average price of $45.58 and a 200 day moving average price of $46.01. First Trust Senior Loan ETF has a twelve month low of $44.30 and a twelve month high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.2575 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $3.09 annualized dividend and a yield of 6.75%.

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.