TrueWealth Advisors LLC Increases Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

TrueWealth Advisors LLC raised its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 100,708 shares of the company’s stock after acquiring an additional 8,332 shares during the quarter. First Trust Senior Loan ETF accounts for approximately 1.6% of TrueWealth Advisors LLC’s investment portfolio, making the stock its 14th biggest position. TrueWealth Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $4,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FTSL. Envestnet Asset Management Inc. increased its holdings in First Trust Senior Loan ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 728,333 shares of the company’s stock worth $33,292,000 after buying an additional 73,314 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of First Trust Senior Loan ETF by 18.0% during the second quarter. Brighton Jones LLC now owns 5,900 shares of the company’s stock valued at $270,000 after purchasing an additional 901 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in First Trust Senior Loan ETF by 154.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 15,362 shares of the company’s stock valued at $702,000 after purchasing an additional 9,318 shares during the period. Clear Point Advisors Inc. lifted its holdings in shares of First Trust Senior Loan ETF by 3.2% during the 2nd quarter. Clear Point Advisors Inc. now owns 36,865 shares of the company’s stock valued at $1,685,000 after buying an additional 1,145 shares during the period. Finally, Trinity Legacy Partners LLC boosted its position in First Trust Senior Loan ETF by 3.3% in the second quarter. Trinity Legacy Partners LLC now owns 51,548 shares of the company’s stock worth $2,356,000 after purchasing an additional 1,631 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL opened at $46.45 on Friday. First Trust Senior Loan ETF has a 12-month low of $45.23 and a 12-month high of $46.99. The firm has a 50 day moving average of $46.33 and a 200 day moving average of $46.12.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.275 per share. The ex-dividend date was Friday, December 13th.

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.