Western Wealth Management LLC Acquires 72,984 Shares of First Trust Senior Loan ETF $FTSL

Western Wealth Management LLC grew its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 370.3% during the 1st quarter, HoldingsChannel reports. The fund owned 92,692 shares of the company’s stock after buying an additional 72,984 shares during the period. Western Wealth Management LLC’s holdings in First Trust Senior Loan ETF were worth $4,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. TD Waterhouse Canada Inc. bought a new stake in shares of First Trust Senior Loan ETF during the fourth quarter valued at about $679,000. CWM LLC boosted its position in shares of First Trust Senior Loan ETF by 8.0% in the fourth quarter. CWM LLC now owns 312,161 shares of the company’s stock valued at $14,322,000 after acquiring an additional 23,177 shares during the period. UBS Group AG boosted its position in shares of First Trust Senior Loan ETF by 4.1% in the fourth quarter. UBS Group AG now owns 815,183 shares of the company’s stock valued at $37,401,000 after acquiring an additional 31,935 shares during the period. Petix & Botte Co grew its stake in First Trust Senior Loan ETF by 17.6% during the fourth quarter. Petix & Botte Co now owns 124,115 shares of the company’s stock valued at $5,694,000 after acquiring an additional 18,574 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC grew its stake in First Trust Senior Loan ETF by 32.7% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 57,015 shares of the company’s stock valued at $2,616,000 after acquiring an additional 14,042 shares in the last quarter.

First Trust Senior Loan ETF Stock Up 0.1%

First Trust Senior Loan ETF stock opened at $44.83 on Friday. The firm’s 50 day simple moving average is $44.88 and its 200 day simple moving average is $45.07. First Trust Senior Loan ETF has a 1-year low of $44.37 and a 1-year high of $46.15.

First Trust Senior Loan ETF Announces Dividend

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

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.