Vestmark Advisory Solutions Inc. Boosts Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Posted by Defense World Staff on Aug 18th, 2023

Vestmark Advisory Solutions Inc. lifted its stake in First Trust Senior Loan ETF (NASDAQ:FTSL – Free Report) by 15.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,309 shares of the company’s stock after acquiring an additional 1,265 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in First Trust Senior Loan ETF were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FTSL. Royal Bank of Canada lifted its holdings in First Trust Senior Loan ETF by 28.9% during the 1st quarter. Royal Bank of Canada now owns 3,031,325 shares of the company’s stock worth $142,624,000 after purchasing an additional 680,339 shares in the last quarter. UBS Group AG lifted its holdings in shares of First Trust Senior Loan ETF by 42.3% in the first quarter. UBS Group AG now owns 2,592,314 shares of the company’s stock worth $121,968,000 after buying an additional 770,651 shares in the last quarter. Raymond James & Associates boosted its position in shares of First Trust Senior Loan ETF by 3.6% in the first quarter. Raymond James & Associates now owns 786,845 shares of the company’s stock valued at $35,597,000 after acquiring an additional 27,634 shares during the period. Jane Street Group LLC purchased a new position in First Trust Senior Loan ETF during the first quarter valued at approximately $34,122,000. Finally, Flaharty Asset Management LLC increased its holdings in First Trust Senior Loan ETF by 1.6% during the 4th quarter. Flaharty Asset Management LLC now owns 724,298 shares of the company’s stock worth $32,296,000 after acquiring an additional 11,430 shares during the period.

First Trust Senior Loan ETF Trading Up 0.0 %

NASDAQ FTSL opened at $45.65 on Friday. The company’s 50 day simple moving average is $45.42 and its two-hundred day simple moving average is $45.23. First Trust Senior Loan ETF has a 1 year low of $43.92 and a 1 year high of $46.02.

First Trust Senior Loan ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 24th were paid a dividend of $0.29 per share. This represents a $3.48 annualized dividend and a yield of 7.62%. The ex-dividend date was Friday, July 21st.

About First Trust Senior Loan ETF

(Free Report)

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.