DHK Financial Advisors Inc. Increases Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

DHK Financial Advisors Inc. grew its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 53,407 shares of the company’s stock after buying an additional 1,005 shares during the period. First Trust Senior Loan ETF accounts for 1.7% of DHK Financial Advisors Inc.’s portfolio, making the stock its 11th largest position. DHK Financial Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $2,441,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. UBS Group AG lifted its holdings in shares of First Trust Senior Loan ETF by 2.2% in the 4th quarter. UBS Group AG now owns 1,374,490 shares of the company’s stock worth $63,323,000 after acquiring an additional 29,552 shares during the last quarter. One Capital Management LLC boosted its position in First Trust Senior Loan ETF by 4.7% during the second quarter. One Capital Management LLC now owns 1,362,059 shares of the company’s stock valued at $62,260,000 after buying an additional 60,909 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of First Trust Senior Loan ETF by 22.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock valued at $42,050,000 after buying an additional 166,180 shares during the last quarter. Flaharty Asset Management LLC increased its holdings in shares of First Trust Senior Loan ETF by 1.8% in the second quarter. Flaharty Asset Management LLC now owns 741,326 shares of the company’s stock worth $33,886,000 after buying an additional 12,795 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of First Trust Senior Loan ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 728,333 shares of the company’s stock valued at $33,292,000 after acquiring an additional 73,314 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL stock opened at $46.14 on Tuesday. The business has a 50-day moving average of $45.96 and a 200 day moving average of $46.06. First Trust Senior Loan ETF has a 1-year low of $45.01 and a 1-year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a $0.29 dividend. This represents a $3.48 annualized dividend and a dividend yield of 7.54%. The ex-dividend date was Wednesday, August 21st.

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.