Kovack Advisors Inc. Has $3.09 Million Stock Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Kovack Advisors Inc. increased its position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,760 shares of the company’s stock after acquiring an additional 9,860 shares during the quarter. Kovack Advisors Inc. owned about 0.14% of First Trust Senior Loan ETF worth $3,085,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Tidemark LLC acquired a new stake in shares of First Trust Senior Loan ETF during the fourth quarter worth $33,000. Assetmark Inc. increased its stake in First Trust Senior Loan ETF by 189.5% in the 4th quarter. Assetmark Inc. now owns 770 shares of the company’s stock valued at $35,000 after buying an additional 504 shares during the last quarter. Whittier Trust Co. acquired a new stake in First Trust Senior Loan ETF in the 4th quarter valued at $36,000. Sachetta LLC bought a new stake in First Trust Senior Loan ETF during the 4th quarter worth about $61,000. Finally, Consultiva Wealth Management CORP. acquired a new position in shares of First Trust Senior Loan ETF during the 3rd quarter worth about $99,000.

First Trust Senior Loan ETF Stock Up 0.1 %

FTSL stock traded up $0.06 during mid-day trading on Thursday, reaching $45.85. The company had a trading volume of 80,023 shares, compared to its average volume of 288,948. First Trust Senior Loan ETF has a 52 week low of $45.01 and a 52 week high of $46.99. The stock has a 50 day simple moving average of $46.06 and a two-hundred day simple moving average of $46.10.

First Trust Senior Loan ETF Cuts Dividend

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

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.