Telemus Capital LLC Has $19.89 Million Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Telemus Capital LLC lifted its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 2.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 439,156 shares of the company’s stock after acquiring an additional 12,354 shares during the period. First Trust Senior Loan ETF accounts for about 1.7% of Telemus Capital LLC’s portfolio, making the stock its 14th largest position. Telemus Capital LLC owned approximately 0.90% of First Trust Senior Loan ETF worth $19,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FTSL. Delta Financial Group Inc. acquired a new position in First Trust Senior Loan ETF during the second quarter worth $317,000. Edmonds Duncan Registered Investment Advisors LLC raised its holdings in First Trust Senior Loan ETF by 5.6% during the second quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 273,415 shares of the company’s stock worth $12,386,000 after buying an additional 14,610 shares during the last quarter. HBW Advisory Services LLC raised its holdings in First Trust Senior Loan ETF by 4.4% during the second quarter. HBW Advisory Services LLC now owns 9,627 shares of the company’s stock worth $436,000 after buying an additional 408 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its holdings in First Trust Senior Loan ETF by 0.5% during the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 45,631 shares of the company’s stock worth $2,067,000 after buying an additional 234 shares during the last quarter. Finally, Level Four Advisory Services LLC raised its holdings in First Trust Senior Loan ETF by 15.0% during the first quarter. Level Four Advisory Services LLC now owns 20,690 shares of the company’s stock worth $936,000 after buying an additional 2,700 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

FTSL traded down $0.04 during trading on Friday, hitting $46.04. 237,313 shares of the company’s stock were exchanged, compared to its average volume of 382,594. The business’s 50 day moving average is $45.63 and its two-hundred day moving average is $45.32. First Trust Senior Loan ETF has a fifty-two week low of $43.92 and a fifty-two week high of $46.10.

First Trust Senior Loan ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd were issued a $0.305 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $3.66 annualized dividend and a dividend yield of 7.95%.

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.