SRS Capital Advisors Inc. Increases Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

SRS Capital Advisors Inc. increased its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 53.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,748 shares of the company’s stock after acquiring an additional 2,698 shares during the period. SRS Capital Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Flaharty Asset Management LLC lifted its stake in First Trust Senior Loan ETF by 1.4% in the fourth quarter. Flaharty Asset Management LLC now owns 755,299 shares of the company’s stock worth $34,925,000 after acquiring an additional 10,700 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in First Trust Senior Loan ETF by 12.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 582,473 shares of the company’s stock worth $26,730,000 after acquiring an additional 64,467 shares during the period. TL Private Wealth lifted its position in First Trust Senior Loan ETF by 1.6% during the fourth quarter. TL Private Wealth now owns 466,873 shares of the company’s stock valued at $21,668,000 after buying an additional 7,189 shares during the period. Virtue Capital Management LLC lifted its position in First Trust Senior Loan ETF by 11.1% during the third quarter. Virtue Capital Management LLC now owns 433,590 shares of the company’s stock valued at $19,897,000 after buying an additional 43,432 shares during the period. Finally, Cyndeo Wealth Partners LLC lifted its position in First Trust Senior Loan ETF by 1.0% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 368,041 shares of the company’s stock valued at $17,018,000 after buying an additional 3,647 shares during the period.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock opened at $45.96 on Tuesday. The business has a fifty day simple moving average of $46.25 and a two-hundred day simple moving average of $46.18. First Trust Senior Loan ETF has a 12 month low of $45.23 and a 12 month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.2625 per share. The ex-dividend date of this dividend was Friday, February 21st.

First Trust Senior Loan ETF Company 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.