J.W. Cole Advisors Inc. Increases Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

J.W. Cole Advisors Inc. raised its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,240 shares of the company’s stock after purchasing an additional 497 shares during the quarter. J.W. Cole Advisors Inc. owned 0.16% of First Trust Senior Loan ETF worth $3,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in First Trust Senior Loan ETF by 3,386.8% in the 3rd quarter. International Assets Investment Management LLC now owns 339,788 shares of the company’s stock worth $15,593,000 after purchasing an additional 330,043 shares during the period. Cetera Investment Advisers increased its position in First Trust Senior Loan ETF by 424.0% in the first quarter. Cetera Investment Advisers now owns 323,042 shares of the company’s stock worth $14,928,000 after buying an additional 261,397 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust Senior Loan ETF by 22.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock worth $42,050,000 after buying an additional 166,180 shares during the period. Brookstone Capital Management lifted its position in shares of First Trust Senior Loan ETF by 1,311.9% during the 2nd quarter. Brookstone Capital Management now owns 165,350 shares of the company’s stock valued at $7,638,000 after buying an additional 153,639 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new position in shares of First Trust Senior Loan ETF during the 1st quarter valued at about $4,621,000.

First Trust Senior Loan ETF Price Performance

First Trust Senior Loan ETF stock opened at $45.98 on Monday. First Trust Senior Loan ETF has a 12-month low of $45.01 and a 12-month high of $46.99. The firm has a 50 day moving average of $46.04 and a 200 day moving average of $46.03.

First Trust Senior Loan ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be paid a $0.29 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.57%.

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.