Financial Advocates Investment Management Has $2.70 Million Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Financial Advocates Investment Management boosted its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 460.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,287 shares of the company’s stock after acquiring an additional 47,890 shares during the quarter. Financial Advocates Investment Management’s holdings in First Trust Senior Loan ETF were worth $2,695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes 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 worth $168,000 after buying an additional 239 shares in the last quarter. Stephens Inc. AR increased its holdings in First Trust Senior Loan ETF by 6.5% during the third quarter. Stephens Inc. AR now owns 4,916 shares of the company’s stock worth $226,000 after buying an additional 300 shares during the last quarter. TFG Advisers LLC raised its stake in First Trust Senior Loan ETF by 2.3% in the 3rd quarter. TFG Advisers LLC now owns 14,538 shares of the company’s stock valued at $667,000 after acquiring an additional 327 shares during the period. Kingswood Wealth Advisors LLC grew its stake in First Trust Senior Loan ETF by 4.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,409 shares of the company’s stock valued at $389,000 after buying an additional 335 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC boosted its stake in First Trust Senior Loan ETF by 6.6% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 5,799 shares of the company’s stock valued at $266,000 after purchasing an additional 357 shares during the period.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ:FTSL opened at $46.22 on Friday. The firm has a 50 day moving average of $46.31 and a 200-day moving average of $46.14. 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 firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.2675 dividend. The ex-dividend date was Wednesday, January 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.