First Trust Senior Loan ETF (NASDAQ:FTSL) is Tower Wealth Partners Inc.’s 9th Largest Position

Tower Wealth Partners Inc. boosted its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 3.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 197,725 shares of the company’s stock after purchasing an additional 5,819 shares during the quarter. First Trust Senior Loan ETF comprises 5.9% of Tower Wealth Partners Inc.’s portfolio, making the stock its 9th biggest holding. Tower Wealth Partners Inc.’s holdings in First Trust Senior Loan ETF were worth $9,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTSL. Flagstar Advisors Inc. grew its holdings in First Trust Senior Loan ETF by 361.2% in the 4th quarter. Flagstar Advisors Inc. now owns 61,938 shares of the company’s stock valued at $2,854,000 after buying an additional 48,508 shares during the period. Principal Securities Inc. purchased a new position in shares of First Trust Senior Loan ETF in the 4th quarter worth $522,000. Axxcess Wealth Management LLC grew its position in First Trust Senior Loan ETF by 8.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 153,025 shares of the company’s stock valued at $7,050,000 after acquiring an additional 12,203 shares during the period. PCG Wealth Advisors LLC increased its stake in First Trust Senior Loan ETF by 5.9% during the fourth quarter. PCG Wealth Advisors LLC now owns 33,610 shares of the company’s stock worth $1,548,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of First Trust Senior Loan ETF by 54.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 75,493 shares of the company’s stock valued at $3,478,000 after purchasing an additional 26,692 shares in the last quarter.

First Trust Senior Loan ETF Price Performance

FTSL opened at $45.79 on Wednesday. First Trust Senior Loan ETF has a 1 year low of $45.01 and a 1 year high of $46.99. The firm has a 50 day moving average price of $46.06 and a 200 day moving average price of $46.10.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

First Trust Senior Loan ETF Company Profile

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.