Endowment Wealth Management Inc. Has $1.67 Million Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Endowment Wealth Management Inc. grew its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 20.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 36,005 shares of the company’s stock after buying an additional 6,180 shares during the quarter. First Trust Senior Loan ETF accounts for 1.1% of Endowment Wealth Management Inc.’s holdings, making the stock its 24th biggest position. Endowment Wealth Management Inc.’s holdings in First Trust Senior Loan ETF were worth $1,665,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in First Trust Senior Loan ETF in the 4th quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of First Trust Senior Loan ETF in the fourth quarter valued at approximately $32,000. DHJJ Financial Advisors Ltd. lifted its position in shares of First Trust Senior Loan ETF by 377.2% in the fourth quarter. DHJJ Financial Advisors Ltd. now owns 773 shares of the company’s stock worth $36,000 after purchasing an additional 611 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in First Trust Senior Loan ETF during the fourth quarter worth $36,000. Finally, Peterson Financial Group Inc. bought a new position in First Trust Senior Loan ETF in the third quarter valued at $98,000.

First Trust Senior Loan ETF Price Performance

NASDAQ:FTSL opened at $45.95 on Tuesday. First Trust Senior Loan ETF has a 52-week low of $45.23 and a 52-week high of $46.99. The stock’s 50-day simple moving average is $46.22 and its 200 day simple moving average is $46.18.

First Trust Senior Loan ETF Cuts Dividend

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