Assetmark Inc. Reduces Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Assetmark Inc. reduced its stake in First Trust Senior Loan ETF (NASDAQ:FTSL) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,967 shares of the company’s stock after selling 2,790 shares during the period. Assetmark Inc. owned 0.09% of First Trust Senior Loan ETF worth $2,144,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC boosted its holdings in shares of First Trust Senior Loan ETF by 1,301.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 205,066 shares of the company’s stock valued at $9,482,000 after acquiring an additional 190,434 shares during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust Senior Loan ETF by 60.2% in the first quarter. Cetera Investment Advisers now owns 424,613 shares of the company’s stock valued at $19,384,000 after acquiring an additional 159,525 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of First Trust Senior Loan ETF by 10.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,506,182 shares of the company’s stock valued at $69,646,000 after acquiring an additional 148,507 shares during the period. First Trust Advisors LP boosted its holdings in shares of First Trust Senior Loan ETF by 14.5% in the fourth quarter. First Trust Advisors LP now owns 1,112,764 shares of the company’s stock valued at $51,437,000 after acquiring an additional 140,722 shares during the period. Finally, Armis Advisers LLC acquired a new stake in shares of First Trust Senior Loan ETF in the fourth quarter valued at approximately $3,485,000.

First Trust Senior Loan ETF Price Performance

FTSL stock opened at $45.92 on Thursday. First Trust Senior Loan ETF has a twelve month low of $44.30 and a twelve month high of $46.55. The business has a 50 day simple moving average of $45.94 and a 200-day simple moving average of $45.89.

First Trust Senior Loan ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd will be issued a dividend of $0.2525 per share. This represents a $3.03 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Tuesday, July 22nd.

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.