Coastwise Capital Group LLC Has $1.97 Million Stock Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Coastwise Capital Group LLC boosted its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 43.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,890 shares of the company’s stock after purchasing an additional 12,916 shares during the quarter. First Trust Senior Loan ETF accounts for approximately 1.6% of Coastwise Capital Group LLC’s holdings, making the stock its 12th biggest position. Coastwise Capital Group LLC’s holdings in First Trust Senior Loan ETF were worth $1,968,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Larson Financial Group LLC acquired a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Senior Loan ETF during the second quarter worth $46,000. Trust Co. of Vermont bought a new stake in First Trust Senior Loan ETF in the 3rd quarter valued at $81,000. Peterson Financial Group Inc. acquired a new position in shares of First Trust Senior Loan ETF in the 3rd quarter valued at $98,000. Finally, Register Financial Advisors LLC bought a new position in shares of First Trust Senior Loan ETF during the 2nd quarter worth about $115,000.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL opened at $46.31 on Monday. First Trust Senior Loan ETF has a twelve month low of $45.01 and a twelve month high of $46.99. The company’s 50-day simple moving average is $46.15 and its 200 day simple moving average is $46.05.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, November 21st.

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.