Private Trust Co. NA Reduces Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Posted by Marion Hillson on Nov 29th, 2024

Private Trust Co. NA lessened its stake in First Trust Senior Loan ETF (NASDAQ:FTSL – Free Report) by 47.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,753 shares of the company’s stock after selling 5,103 shares during the period. Private Trust Co. NA’s holdings in First Trust Senior Loan ETF were worth $264,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new stake in First Trust Senior Loan ETF during the second quarter valued at $27,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter valued at about $46,000. Trust Co. of Vermont bought a new position in shares of First Trust Senior Loan ETF in the 3rd quarter worth approximately $81,000. Peterson Financial Group Inc. bought a new position in shares of First Trust Senior Loan ETF in the 3rd quarter worth approximately $98,000. Finally, Register Financial Advisors LLC purchased a new position in shares of First Trust Senior Loan ETF in the second quarter worth approximately $115,000.

First Trust Senior Loan ETF Stock Up 0.1 %

Shares of FTSL stock opened at $46.28 on Friday. First Trust Senior Loan ETF has a 12 month low of $45.01 and a 12 month high of $46.99. The company has a 50 day simple moving average of $46.15 and a two-hundred day simple moving average of $46.05.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, November 21st.

First Trust Senior Loan ETF Company Profile

(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.