HighTower Advisors LLC Sells 45,505 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

HighTower Advisors LLC trimmed its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 35.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,632 shares of the company’s stock after selling 45,505 shares during the period. HighTower Advisors LLC owned approximately 0.18% of First Trust Senior Loan ETF worth $3,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTSL. International Assets Investment Management LLC increased its position in First Trust Senior Loan ETF by 3,386.8% in the 3rd quarter. International Assets Investment Management LLC now owns 339,788 shares of the company’s stock valued at $15,593,000 after buying an additional 330,043 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in First Trust Senior Loan ETF by 22.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock valued at $42,050,000 after purchasing an additional 166,180 shares during the last quarter. Brookstone Capital Management boosted its stake in First Trust Senior Loan ETF by 1,311.9% during the 2nd quarter. Brookstone Capital Management now owns 165,350 shares of the company’s stock valued at $7,638,000 after purchasing an additional 153,639 shares during the last quarter. Capital Investment Counsel LLC boosted its stake in First Trust Senior Loan ETF by 593.0% during the 3rd quarter. Capital Investment Counsel LLC now owns 140,405 shares of the company’s stock valued at $6,443,000 after purchasing an additional 120,145 shares during the last quarter. Finally, Asset Allocation & Management Company LLC boosted its stake in First Trust Senior Loan ETF by 561.4% during the 3rd quarter. Asset Allocation & Management Company LLC now owns 112,440 shares of the company’s stock valued at $5,160,000 after purchasing an additional 95,440 shares during the last quarter.

First Trust Senior Loan ETF Trading Up 0.0 %

FTSL stock opened at $46.45 on Thursday. First Trust Senior Loan ETF has a 52-week low of $45.01 and a 52-week high of $46.99. The business has a 50-day simple moving average of $46.21 and a two-hundred day simple moving average of $46.06.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was 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.