Cambridge Advisors Inc. Cuts Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Cambridge Advisors Inc. decreased its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,621 shares of the company’s stock after selling 396 shares during the quarter. Cambridge Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. grew its holdings in shares of First Trust Senior Loan ETF by 6.9% during the third quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock valued at $168,000 after buying an additional 239 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of First Trust Senior Loan ETF by 0.6% during the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 41,751 shares of the company’s stock valued at $1,908,000 after buying an additional 255 shares during the last quarter. Western Wealth Management LLC grew its holdings in shares of First Trust Senior Loan ETF by 1.5% during the second quarter. Western Wealth Management LLC now owns 18,172 shares of the company’s stock valued at $831,000 after buying an additional 261 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of First Trust Senior Loan ETF by 1.1% during the second quarter. Ameritas Advisory Services LLC now owns 28,934 shares of the company’s stock valued at $1,323,000 after buying an additional 316 shares during the last quarter. Finally, TFG Advisers LLC grew its holdings in shares of First Trust Senior Loan ETF by 2.3% during the third quarter. TFG Advisers LLC now owns 14,538 shares of the company’s stock valued at $667,000 after buying an additional 327 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL stock opened at $45.94 on Friday. First Trust Senior Loan ETF has a 12-month low of $45.01 and a 12-month high of $46.99. The firm’s 50 day moving average is $46.04 and its 200 day moving average is $46.04.

First Trust Senior Loan ETF Announces Dividend

The business 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 of this dividend is Tuesday, October 22nd.

About First Trust Senior Loan ETF

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.