J.W. Cole Advisors Inc. Grows Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

J.W. Cole Advisors Inc. boosted its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 0.7% during the 3rd quarter, Holdings Channel reports. The firm owned 73,240 shares of the company’s stock after buying an additional 497 shares during the period. J.W. Cole Advisors Inc.’s holdings in First Trust Senior Loan ETF were worth $3,361,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in First Trust Senior Loan ETF during the 2nd quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Senior Loan ETF during the second quarter valued at $46,000. Trust Co. of Vermont bought a new position in First Trust Senior Loan ETF during the third quarter valued at $81,000. Consultiva Wealth Management CORP. purchased a new position in shares of First Trust Senior Loan ETF in the 1st quarter worth $100,000. Finally, Register Financial Advisors LLC bought a new stake in shares of First Trust Senior Loan ETF in the 2nd quarter worth about $115,000.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL opened at $45.98 on Monday. First Trust Senior Loan ETF has a 12-month low of $45.01 and a 12-month high of $46.99. The firm’s 50-day moving average price is $46.04 and its 200-day moving average price is $46.03.

First Trust Senior Loan ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 7.57%.

First Trust Senior Loan ETF 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.