First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Unusually-High Trading Volume

First Trust Senior Loan ETF (NASDAQ:FTSL) saw strong trading volume on Friday . 809,880 shares were traded during mid-day trading, an increase of 186% from the previous session’s volume of 283,406 shares.The stock last traded at $45.95 and had previously closed at $45.90.

First Trust Senior Loan ETF Price Performance

The business has a fifty day moving average price of $45.96 and a 200 day moving average price of $46.06.

First Trust Senior Loan ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.58%.

Institutional Investors Weigh In On First Trust Senior Loan ETF

Large investors have recently modified their holdings of the stock. Larson Financial Group LLC acquired a new stake in shares of First Trust Senior Loan ETF in the second quarter valued at about $27,000. Assetmark Inc. grew its stake in shares of First Trust Senior Loan ETF by 189.5% in the fourth quarter. Assetmark Inc. now owns 770 shares of the company’s stock valued at $35,000 after buying an additional 504 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Senior Loan ETF in the second quarter valued at about $46,000. Consultiva Wealth Management CORP. acquired a new stake in shares of First Trust Senior Loan ETF in the first quarter valued at about $100,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of First Trust Senior Loan ETF in the second quarter valued at about $115,000.

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.