Sigma Planning Corp Sells 8,374 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Sigma Planning Corp reduced its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 47.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,419 shares of the company’s stock after selling 8,374 shares during the quarter. Sigma Planning Corp’s holdings in First Trust Senior Loan ETF were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC boosted its position in shares of First Trust Senior Loan ETF by 35.2% during the 4th quarter. CWM LLC now owns 287,502 shares of the company’s stock valued at $13,245,000 after acquiring an additional 74,921 shares during the last quarter. Western Wealth Management LLC boosted its position in shares of First Trust Senior Loan ETF by 8.6% during the 4th quarter. Western Wealth Management LLC now owns 53,923 shares of the company’s stock valued at $2,484,000 after acquiring an additional 4,281 shares during the last quarter. Aurora Private Wealth Inc. raised its holdings in First Trust Senior Loan ETF by 20.4% during the 4th quarter. Aurora Private Wealth Inc. now owns 64,051 shares of the company’s stock valued at $2,951,000 after buying an additional 10,867 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in First Trust Senior Loan ETF by 11.3% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 32,639 shares of the company’s stock valued at $1,504,000 after buying an additional 3,319 shares during the period. Finally, PCG Wealth Advisors LLC raised its holdings in First Trust Senior Loan ETF by 5.9% during the 4th quarter. PCG Wealth Advisors LLC now owns 33,610 shares of the company’s stock valued at $1,548,000 after buying an additional 1,874 shares during the period.

First Trust Senior Loan ETF Stock Performance

NASDAQ:FTSL opened at $46.03 on Friday. The stock’s fifty day moving average is $46.18 and its 200 day moving average is $45.99. First Trust Senior Loan ETF has a fifty-two week low of $44.53 and a fifty-two week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $3.54 dividend on an annualized basis and a yield of 7.69%.

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.