Virtue Capital Management LLC Has $19.90 Million Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Virtue Capital Management LLC grew its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 433,590 shares of the company’s stock after buying an additional 43,432 shares during the quarter. First Trust Senior Loan ETF accounts for 4.0% of Virtue Capital Management LLC’s holdings, making the stock its 5th largest holding. Virtue Capital Management LLC owned about 0.92% of First Trust Senior Loan ETF worth $19,897,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new stake in First Trust Senior Loan ETF in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Senior Loan ETF in the second quarter worth about $46,000. Trust Co. of Vermont acquired a new stake in shares of First Trust Senior Loan ETF during the third quarter worth about $81,000. Peterson Financial Group Inc. purchased a new stake in First Trust Senior Loan ETF in the third quarter valued at approximately $98,000. Finally, NBC Securities Inc. increased its holdings in First Trust Senior Loan ETF by 6.9% in the 3rd quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock worth $168,000 after buying an additional 239 shares during the period.

First Trust Senior Loan ETF Stock Performance

Shares of NASDAQ FTSL opened at $46.44 on Wednesday. The company has a 50 day simple moving average of $46.20 and a two-hundred day simple moving average of $46.06. First Trust Senior Loan ETF has a 12 month low of $45.01 and a 12 month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed 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 was Thursday, November 21st.

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.