Meridian Wealth Management LLC Sells 1,590 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Meridian Wealth Management LLC trimmed its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 20.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,026 shares of the company’s stock after selling 1,590 shares during the quarter. Meridian Wealth Management LLC’s holdings in First Trust Senior Loan ETF were worth $277,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of First Trust Senior Loan ETF in the second quarter worth approximately $27,000. Farmers & Merchants Investments Inc. bought a new stake in First Trust Senior Loan ETF in the 2nd quarter worth approximately $46,000. Trust Co. of Vermont purchased a new stake in First Trust Senior Loan ETF during the 3rd quarter valued at $81,000. Peterson Financial Group Inc. bought a new position in shares of First Trust Senior Loan ETF during the 3rd quarter valued at $98,000. Finally, Register Financial Advisors LLC bought a new position in shares of First Trust Senior Loan ETF during the 2nd quarter valued at $115,000.

First Trust Senior Loan ETF Stock Up 0.1 %

Shares of FTSL opened at $46.29 on Tuesday. First Trust Senior Loan ETF has a one year low of $45.01 and a one year high of $46.99. The business has a fifty day moving average of $46.15 and a 200 day moving average of $46.05.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, November 21st.

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.