Independent Advisor Alliance Makes New Investment in First Trust Senior Loan ETF (NASDAQ:FTSL)

Independent Advisor Alliance purchased a new position in First Trust Senior Loan ETF (NASDAQ:FTSL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 103,245 shares of the company’s stock, valued at approximately $4,774,000. Independent Advisor Alliance owned 0.20% of First Trust Senior Loan ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FTSL. PNC Financial Services Group Inc. acquired a new stake in First Trust Senior Loan ETF during the fourth quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of First Trust Senior Loan ETF during the 4th quarter worth approximately $32,000. DHJJ Financial Advisors Ltd. grew its position in shares of First Trust Senior Loan ETF by 377.2% during the 4th quarter. DHJJ Financial Advisors Ltd. now owns 773 shares of the company’s stock worth $36,000 after buying an additional 611 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Senior Loan ETF in the 4th quarter valued at $36,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of First Trust Senior Loan ETF during the 3rd quarter valued at $98,000.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ FTSL opened at $45.90 on Wednesday. First Trust Senior Loan ETF has a 12-month low of $45.23 and a 12-month high of $46.99. The company’s fifty day simple moving average is $46.21 and its 200 day simple moving average is $46.18.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.2625 dividend. The ex-dividend date was Friday, February 21st.

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.