Royal Bank of Canada Reduces Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Royal Bank of Canada lowered its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,586,237 shares of the company’s stock after selling 128,969 shares during the period. Royal Bank of Canada owned approximately 3.13% of First Trust Senior Loan ETF worth $73,347,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FTSL. PNC Financial Services Group Inc. purchased a new stake in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $32,000. DHJJ Financial Advisors Ltd. raised its stake in shares of First Trust Senior Loan ETF by 377.2% during the fourth quarter. DHJJ Financial Advisors Ltd. now owns 773 shares of the company’s stock valued at $36,000 after purchasing an additional 611 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC raised its stake in shares of First Trust Senior Loan ETF by 27.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,954 shares of the company’s stock valued at $137,000 after purchasing an additional 635 shares during the period.

First Trust Senior Loan ETF Trading Down 0.0%

FTSL opened at $45.97 on Wednesday. The firm’s 50 day moving average is $45.58 and its 200-day moving average is $46.01. First Trust Senior Loan ETF has a 52-week low of $44.30 and a 52-week high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were paid a $0.2575 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $3.09 dividend on an annualized basis and a dividend yield of 6.72%.

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.