Flagstar Advisors Inc. Increases Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Flagstar Advisors Inc. lifted its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,718 shares of the company’s stock after acquiring an additional 3,090 shares during the quarter. Flagstar Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $2,649,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FTSL. International Assets Investment Management LLC increased its holdings in shares of First Trust Senior Loan ETF by 3,386.8% in 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 stake in First Trust Senior Loan ETF by 424.0% in the first quarter. Cetera Investment Advisers now owns 323,042 shares of the company’s stock valued at $14,928,000 after purchasing an additional 261,397 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in First Trust Senior Loan ETF by 22.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock valued at $42,050,000 after purchasing an additional 166,180 shares during the last quarter. Brookstone Capital Management raised its holdings in First Trust Senior Loan ETF by 1,311.9% in the second quarter. Brookstone Capital Management now owns 165,350 shares of the company’s stock worth $7,638,000 after purchasing an additional 153,639 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of First Trust Senior Loan ETF during the first quarter valued at about $4,621,000.

First Trust Senior Loan ETF Stock Performance

NASDAQ:FTSL opened at $46.25 on Friday. The company’s 50-day simple moving average is $46.14 and its 200-day simple moving average is $46.05. First Trust Senior Loan ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.28 dividend. The ex-dividend date is Thursday, November 21st.

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.