27,086 Shares in First Trust Senior Loan ETF $FTSL Purchased by Compass Financial Management LLC

by · The Markets Daily

Compass Financial Management LLC acquired a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSLFree Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 27,086 shares of the company’s stock, valued at approximately $1,212,000. Compass Financial Management LLC owned approximately 0.05% of First Trust Senior Loan ETF at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of First Trust Senior Loan ETF in the third quarter worth approximately $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of First Trust Senior Loan ETF during the first quarter worth approximately $30,000. Smartleaf Asset Management LLC acquired a new position in First Trust Senior Loan ETF in the 4th quarter valued at $30,000. Sound Income Strategies LLC raised its stake in First Trust Senior Loan ETF by 140.3% in the 1st quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock valued at $46,000 after purchasing an additional 599 shares during the last quarter. Finally, TD Private Client Wealth LLC purchased a new position in First Trust Senior Loan ETF in the 4th quarter valued at $48,000.

First Trust Senior Loan ETF Price Performance

Shares of FTSL opened at $44.76 on Monday. First Trust Senior Loan ETF has a 52-week low of $44.37 and a 52-week high of $46.15. The firm’s fifty day moving average is $44.87 and its two-hundred day moving average is $44.97.

First Trust Senior Loan ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a $0.225 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, August 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. FTSL was launched on May 1, 2013 and is managed by First Trust.

Further Reading

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