WBI Investments LLC Sells 28,843 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

WBI Investments LLC reduced its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 42.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,485 shares of the company’s stock after selling 28,843 shares during the period. WBI Investments LLC owned approximately 0.08% of First Trust Senior Loan ETF worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in First Trust Senior Loan ETF by 23.8% in the 4th quarter. LPL Financial LLC now owns 1,919,381 shares of the company’s stock worth $88,752,000 after buying an additional 369,005 shares during the last quarter. Bank of America Corp DE raised its position in First Trust Senior Loan ETF by 4.0% in the 4th quarter. Bank of America Corp DE now owns 1,861,253 shares of the company’s stock valued at $86,064,000 after purchasing an additional 72,249 shares in the last quarter. Wells Fargo & Company MN raised its stake in First Trust Senior Loan ETF by 10.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,506,182 shares of the company’s stock valued at $69,646,000 after buying an additional 148,507 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Senior Loan ETF during the 4th quarter worth $66,923,000. Finally, First Trust Advisors LP grew its position in shares of First Trust Senior Loan ETF by 14.5% during the fourth quarter. First Trust Advisors LP now owns 1,112,764 shares of the company’s stock worth $51,437,000 after acquiring an additional 140,722 shares during the last quarter.

First Trust Senior Loan ETF Stock Up 0.1%

Shares of NASDAQ:FTSL opened at $45.99 on Monday. First Trust Senior Loan ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.55. The firm’s 50-day simple moving average is $45.58 and its 200-day simple moving average is $46.01.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were given a $0.2575 dividend. This represents a $3.09 annualized dividend and a dividend yield of 6.72%. The ex-dividend date was Tuesday, April 22nd.

About First Trust Senior Loan ETF

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.