Virtus Wealth Solutions LLC Invests $432,000 in First Trust Senior Loan ETF (NASDAQ:FTSL)

Virtus Wealth Solutions LLC acquired a new stake in First Trust Senior Loan ETF (NASDAQ:FTSL) in the 4th quarter, Holdings Channel.com reports. The firm acquired 9,338 shares of the company’s stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Strategic Financial Concepts LLC purchased a new position in First Trust Senior Loan ETF in the fourth quarter valued at about $501,000. JPMorgan Chase & Co. grew its holdings in shares of First Trust Senior Loan ETF by 238.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,086 shares of the company’s stock worth $8,815,000 after acquiring an additional 135,283 shares during the period. Stephens Inc. AR increased its stake in First Trust Senior Loan ETF by 14.8% in the 4th quarter. Stephens Inc. AR now owns 5,646 shares of the company’s stock valued at $261,000 after purchasing an additional 730 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in First Trust Senior Loan ETF during the fourth quarter worth $36,000. Finally, Concurrent Investment Advisors LLC boosted its position in First Trust Senior Loan ETF by 8.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 141,892 shares of the company’s stock worth $6,561,000 after purchasing an additional 10,559 shares in the last quarter.

First Trust Senior Loan ETF Price Performance

First Trust Senior Loan ETF stock opened at $45.15 on Friday. First Trust Senior Loan ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.55. The stock’s fifty day moving average is $45.83 and its two-hundred day moving average is $46.09.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $3.12 dividend on an annualized basis and a yield of 6.91%.

First Trust Senior Loan ETF Company 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.