Concourse Financial Group Securities Inc. Reduces Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Concourse Financial Group Securities Inc. cut its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 5.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,554 shares of the company’s stock after selling 2,092 shares during the period. Concourse Financial Group Securities Inc. owned approximately 0.07% of First Trust Senior Loan ETF worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Larson Financial Group LLC purchased a new position in First Trust Senior Loan ETF in the second quarter worth approximately $27,000. Farmers & Merchants Investments Inc. purchased a new position in First Trust Senior Loan ETF in the second quarter worth approximately $46,000. Consultiva Wealth Management CORP. purchased a new position in First Trust Senior Loan ETF in the first quarter worth approximately $100,000. Register Financial Advisors LLC purchased a new position in First Trust Senior Loan ETF in the second quarter worth approximately $115,000. Finally, Hyperion Partners LLC purchased a new position in First Trust Senior Loan ETF in the second quarter worth approximately $221,000.

First Trust Senior Loan ETF Trading Up 0.1 %

Shares of First Trust Senior Loan ETF stock opened at $46.16 on Monday. First Trust Senior Loan ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.99. The stock has a 50 day moving average of $45.98 and a 200 day moving average of $46.04.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $3.48 annualized dividend and a yield of 7.54%.

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.