First Trust Senior Loan ETF (NASDAQ:FTSL) is RiverTree Advisors LLC’s 10th Largest Position

RiverTree Advisors LLC increased its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 128,412 shares of the company’s stock after acquiring an additional 2,698 shares during the period. First Trust Senior Loan ETF comprises approximately 4.0% of RiverTree Advisors LLC’s holdings, making the stock its 10th largest position. RiverTree Advisors LLC owned approximately 0.27% of First Trust Senior Loan ETF worth $5,893,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FTSL. International Assets Investment Management LLC grew its position in shares of First Trust Senior Loan ETF by 3,386.8% during the 3rd quarter. International Assets Investment Management LLC now owns 339,788 shares of the company’s stock valued at $15,593,000 after acquiring an additional 330,043 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Senior Loan ETF by 424.0% during the 1st quarter. Cetera Investment Advisers now owns 323,042 shares of the company’s stock valued at $14,928,000 after acquiring an additional 261,397 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of First Trust Senior Loan ETF by 22.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock valued at $42,050,000 after acquiring an additional 166,180 shares during the period. Brookstone Capital Management grew its position in shares of First Trust Senior Loan ETF by 1,311.9% during the 2nd quarter. Brookstone Capital Management now owns 165,350 shares of the company’s stock valued at $7,638,000 after acquiring an additional 153,639 shares during the period. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of First Trust Senior Loan ETF during the 1st quarter valued at $4,621,000.

First Trust Senior Loan ETF Trading Up 0.1 %

Shares of FTSL stock traded up $0.04 during mid-day trading on Thursday, reaching $45.94. 18,952 shares of the company’s stock traded hands, compared to its average volume of 288,342. First Trust Senior Loan ETF has a 12 month low of $45.01 and a 12 month high of $46.99. The firm has a 50 day moving average price of $46.04 and a two-hundred day moving average price of $46.04.

First Trust Senior Loan ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be issued a $0.29 dividend. This represents a $3.48 annualized dividend and a yield of 7.58%. The ex-dividend date 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.