Tower Wealth Partners Inc. Has $10.72 Million Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Tower Wealth Partners Inc. increased its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,603 shares of the company’s stock after buying an additional 2,037 shares during the quarter. First Trust Senior Loan ETF accounts for about 6.2% of Tower Wealth Partners Inc.’s investment portfolio, making the stock its 9th largest position. Tower Wealth Partners Inc.’s holdings in First Trust Senior Loan ETF were worth $10,720,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. lifted its stake in First Trust Senior Loan ETF by 6.9% in the third quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock worth $168,000 after purchasing an additional 239 shares during the last quarter. Cambridge Advisors Inc. increased its holdings in First Trust Senior Loan ETF by 1.8% in the 2nd quarter. Cambridge Advisors Inc. now owns 14,017 shares of the company’s stock worth $641,000 after buying an additional 253 shares during the period. Murphy Middleton Hinkle & Parker Inc. boosted its position in First Trust Senior Loan ETF by 0.6% in the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 41,751 shares of the company’s stock worth $1,908,000 after purchasing an additional 255 shares in the last quarter. Western Wealth Management LLC grew its holdings in First Trust Senior Loan ETF by 1.5% in the second quarter. Western Wealth Management LLC now owns 18,172 shares of the company’s stock valued at $831,000 after purchasing an additional 261 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of First Trust Senior Loan ETF by 6.5% in the third quarter. Stephens Inc. AR now owns 4,916 shares of the company’s stock worth $226,000 after acquiring an additional 300 shares during the last quarter.

First Trust Senior Loan ETF Price Performance

FTSL stock opened at $45.98 on Friday. The business has a fifty day moving average of $46.04 and a two-hundred day moving average of $46.03. First Trust Senior Loan ETF has a 52-week low of $45.01 and a 52-week high of $46.99.

First Trust Senior Loan ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was 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.