Saxon Interests Inc. Has $2.64 Million Holdings in First Trust Senior Loan ETF (NASDAQ:FTSL)

Saxon Interests Inc. boosted its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,222 shares of the company’s stock after purchasing an additional 468 shares during the quarter. First Trust Senior Loan ETF accounts for about 1.4% of Saxon Interests Inc.’s portfolio, making the stock its 16th largest holding. Saxon Interests Inc. owned approximately 0.12% of First Trust Senior Loan ETF worth $2,637,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in shares of First Trust Senior Loan ETF in the 1st quarter worth $38,000. PNC Financial Services Group Inc. boosted its stake in First Trust Senior Loan ETF by 74.3% during the first quarter. PNC Financial Services Group Inc. now owns 802 shares of the company’s stock valued at $38,000 after buying an additional 342 shares during the period. Hanson & Doremus Investment Management purchased a new stake in shares of First Trust Senior Loan ETF during the 1st quarter valued at $45,000. Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Senior Loan ETF by 143.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,007 shares of the company’s stock worth $46,000 after acquiring an additional 593 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of First Trust Senior Loan ETF by 57.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,856 shares of the company’s stock worth $83,000 after buying an additional 677 shares during the period.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock traded down $0.06 during midday trading on Tuesday, reaching $46.00. 99,233 shares of the company’s stock traded hands, compared to its average volume of 379,770. The stock has a 50 day moving average of $45.64 and a 200-day moving average of $45.32. First Trust Senior Loan ETF has a 12 month low of $43.92 and a 12 month high of $46.10.

First Trust Senior Loan ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd were paid a $0.305 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $3.66 annualized dividend and a dividend yield of 7.96%.

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.