IVC Wealth Advisors LLC Has $496,000 Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

IVC Wealth Advisors LLC lessened its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,801 shares of the company’s stock after selling 1,251 shares during the quarter. IVC Wealth Advisors LLC’s holdings in First Trust Senior Loan ETF were worth $496,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC acquired a new stake in shares of First Trust Senior Loan ETF in the 2nd quarter valued at $27,000. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter worth about $46,000. Trust Co. of Vermont bought a new stake in shares of First Trust Senior Loan ETF during the 3rd quarter worth about $81,000. Consultiva Wealth Management CORP. acquired a new position in shares of First Trust Senior Loan ETF during the 1st quarter valued at about $100,000. Finally, Register Financial Advisors LLC bought a new position in shares of First Trust Senior Loan ETF in the 2nd quarter valued at approximately $115,000.

First Trust Senior Loan ETF Stock Performance

FTSL opened at $45.98 on Monday. First Trust Senior Loan ETF has a twelve month low of $45.01 and a twelve month high of $46.99. The business has a 50 day moving average price of $46.04 and a 200 day moving average price of $46.03.

First Trust Senior Loan ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.29 per share. This represents a $3.48 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Tuesday, October 22nd.

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.