Bay Colony Advisory Group Inc d b a Bay Colony Advisors Trims Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 76.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,668 shares of the company’s stock after selling 25,320 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in First Trust Senior Loan ETF were worth $350,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Tidemark LLC acquired a new position in shares of First Trust Senior Loan ETF during the fourth quarter worth $33,000. Assetmark Inc. boosted its stake in shares of First Trust Senior Loan ETF by 189.5% during the 4th quarter. Assetmark Inc. now owns 770 shares of the company’s stock valued at $35,000 after buying an additional 504 shares during the last quarter. Sachetta LLC bought a new position in First Trust Senior Loan ETF during the 4th quarter worth approximately $61,000. Consultiva Wealth Management CORP. bought a new stake in shares of First Trust Senior Loan ETF in the 1st quarter valued at approximately $100,000. Finally, Register Financial Advisors LLC bought a new stake in First Trust Senior Loan ETF during the second quarter valued at $115,000.

First Trust Senior Loan ETF Trading Up 0.1 %

Shares of First Trust Senior Loan ETF stock traded up $0.06 during trading hours on Friday, reaching $45.89. The company’s stock had a trading volume of 94,837 shares, compared to its average volume of 283,341. First Trust Senior Loan ETF has a one year low of $45.01 and a one year high of $46.99. The company’s 50 day simple moving average is $45.94 and its 200 day simple moving average is $46.08.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, August 21st. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.58%.

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.