Dynamic Advisor Solutions LLC Increases Stake in First Trust Senior Loan ETF $FTSL

Dynamic Advisor Solutions LLC lifted its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 35.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,637 shares of the company’s stock after purchasing an additional 11,427 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in First Trust Senior Loan ETF were worth $1,953,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FTSL. Triumph Capital Management acquired a new stake in shares of First Trust Senior Loan ETF during the 3rd quarter valued at about $26,000. Raleigh Capital Management Inc. acquired a new position in First Trust Senior Loan ETF during the first quarter worth $30,000. Smartleaf Asset Management LLC acquired a new position in First Trust Senior Loan ETF during the fourth quarter worth $30,000. Sound Income Strategies LLC lifted its holdings in First Trust Senior Loan ETF by 140.3% during the first 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 in the last quarter. Finally, TD Private Client Wealth LLC purchased a new position in First Trust Senior Loan ETF during the fourth quarter valued at $48,000.

First Trust Senior Loan ETF Trading Up 0.1%

Shares of NASDAQ FTSL opened at $44.92 on Friday. The company’s 50-day simple moving average is $44.87 and its 200-day simple moving average is $45.03. First Trust Senior Loan ETF has a 52-week low of $44.37 and a 52-week high of $46.15.

First Trust Senior Loan ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

First Trust Senior Loan ETF 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. FTSL was launched on May 1, 2013 and is managed by First Trust.