52,490 First Trust Senior Loan ETF $FTSL Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 113.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,675 shares of the company’s stock after buying an additional 52,490 shares during the quarter. Pinnacle Associates Ltd. owned 0.18% of First Trust Senior Loan ETF worth $4,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Continuum Advisory LLC acquired a new stake in shares of First Trust Senior Loan ETF in the second quarter valued at $28,000. Raleigh Capital Management Inc. purchased a new position in First Trust Senior Loan ETF in the first quarter valued at $30,000. Sound Income Strategies LLC grew its stake in First Trust Senior Loan ETF by 140.3% during the 1st quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after purchasing an additional 599 shares in the last quarter. Tucker Asset Management LLC raised its position in First Trust Senior Loan ETF by 1,925.3% in the 2nd quarter. Tucker Asset Management LLC now owns 1,843 shares of the company’s stock valued at $82,000 after purchasing an additional 1,752 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust Senior Loan ETF in the 1st quarter valued at about $84,000.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock opened at $44.33 on Friday. The business has a 50-day simple moving average of $44.78 and a 200-day simple moving average of $44.89. First Trust Senior Loan ETF has a one year low of $44.26 and a one year high of $46.09.

First Trust Senior Loan ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $0.2250 per share. This represents a $2.70 annualized dividend and a yield of 6.1%. The ex-dividend date is Wednesday, October 21st.

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