International Assets Investment Management LLC Reduces Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

International Assets Investment Management LLC lessened its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,568 shares of the company’s stock after selling 569 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Senior Loan ETF were worth $345,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FTSL. Park Avenue Securities LLC increased its stake in First Trust Senior Loan ETF by 5.3% during the first quarter. Park Avenue Securities LLC now owns 59,058 shares of the company’s stock worth $2,696,000 after acquiring an additional 2,953 shares during the last quarter. Armis Advisers LLC acquired a new stake in shares of First Trust Senior Loan ETF during the 4th quarter worth about $3,485,000. SBI Securities Co. Ltd. purchased a new stake in First Trust Senior Loan ETF in the 4th quarter valued at about $36,000. Raymond James Financial Inc. acquired a new position in First Trust Senior Loan ETF in the fourth quarter valued at about $66,923,000. Finally, Endowment Wealth Management Inc. lifted its position in First Trust Senior Loan ETF by 20.7% in the fourth quarter. Endowment Wealth Management Inc. now owns 36,005 shares of the company’s stock valued at $1,665,000 after buying an additional 6,180 shares during the last quarter.

First Trust Senior Loan ETF Trading Up 0.1%

Shares of FTSL opened at $45.89 on Friday. The firm has a 50-day simple moving average of $45.79 and a two-hundred day simple moving average of $45.93. First Trust Senior Loan ETF has a 1-year low of $44.30 and a 1-year high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be given a $0.2525 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Thursday, June 26th.

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.