Asset Allocation & Management Company LLC Has $5.16 Million Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Asset Allocation & Management Company LLC raised its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 561.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,440 shares of the company’s stock after purchasing an additional 95,440 shares during the period. First Trust Senior Loan ETF makes up about 3.2% of Asset Allocation & Management Company LLC’s portfolio, making the stock its 6th largest holding. Asset Allocation & Management Company LLC owned approximately 0.24% of First Trust Senior Loan ETF worth $5,160,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter worth approximately $46,000. Trust Co. of Vermont bought a new stake in shares of First Trust Senior Loan ETF during the 3rd quarter worth approximately $81,000. Consultiva Wealth Management CORP. bought a new stake in shares of First Trust Senior Loan ETF during the 1st quarter worth approximately $100,000. Finally, Register Financial Advisors LLC bought a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter worth approximately $115,000.

First Trust Senior Loan ETF Stock Performance

Shares of First Trust Senior Loan ETF stock traded down $0.01 on Wednesday, reaching $45.92. 1,570 shares of the stock were exchanged, compared to its average volume of 288,302. The firm’s 50 day moving average is $46.04 and its 200-day moving average is $46.04. First Trust Senior Loan ETF has a one year low of $45.01 and a one year high of $46.99.

First Trust Senior Loan ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be given a dividend of $0.29 per share. This represents a $3.48 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend is Tuesday, October 22nd.

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.