Arkadios Wealth Advisors Makes New Investment in First Trust Senior Loan ETF (NASDAQ:FTSL)

Arkadios Wealth Advisors purchased a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,144 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds also recently bought and sold shares of FTSL. Larson Financial Group LLC purchased a new position in shares of First Trust Senior Loan ETF in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Senior Loan ETF in the second quarter valued at approximately $46,000. Trust Co. of Vermont purchased a new position in shares of First Trust Senior Loan ETF in the third quarter valued at approximately $81,000. Consultiva Wealth Management CORP. purchased a new position in shares of First Trust Senior Loan ETF in the first quarter valued at approximately $100,000. Finally, Register Financial Advisors LLC purchased a new position in shares of First Trust Senior Loan ETF in the second quarter valued at approximately $115,000.

First Trust Senior Loan ETF Stock Performance

NASDAQ FTSL opened at $45.92 on Friday. First Trust Senior Loan ETF has a 1-year low of $45.01 and a 1-year high of $46.99. The stock’s 50 day simple moving average is $46.04 and its 200-day simple moving average is $46.03.

First Trust Senior Loan ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were given a dividend of $0.29 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 7.58%.

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.