Grimes & Company Inc. Has $226,000 Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Grimes & Company Inc. trimmed its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 7.3% during the third quarter, HoldingsChannel reports. The fund owned 4,923 shares of the company’s stock after selling 390 shares during the period. Grimes & Company Inc.’s holdings in First Trust Senior Loan ETF were worth $226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. One Capital Management LLC increased its stake in shares of First Trust Senior Loan ETF by 4.7% during the 2nd quarter. One Capital Management LLC now owns 1,362,059 shares of the company’s stock worth $62,260,000 after purchasing an additional 60,909 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of First Trust Senior Loan ETF by 22.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock worth $42,050,000 after acquiring an additional 166,180 shares during the period. Flaharty Asset Management LLC lifted its holdings in shares of First Trust Senior Loan ETF by 1.8% during the 2nd quarter. Flaharty Asset Management LLC now owns 741,326 shares of the company’s stock worth $33,886,000 after acquiring an additional 12,795 shares during the period. Envestnet Asset Management Inc. increased its position in First Trust Senior Loan ETF by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 728,333 shares of the company’s stock worth $33,292,000 after purchasing an additional 73,314 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in First Trust Senior Loan ETF by 0.7% during the 1st quarter. Osaic Holdings Inc. now owns 714,363 shares of the company’s stock worth $33,012,000 after purchasing an additional 4,634 shares in the last quarter.

First Trust Senior Loan ETF Trading Up 0.1 %

FTSL stock opened at $45.94 on Friday. First Trust Senior Loan ETF has a 1 year low of $45.01 and a 1 year high of $46.99. The company has a 50 day simple moving average of $46.04 and a 200 day simple moving average of $46.04.

First Trust Senior Loan ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd will be given a $0.29 dividend. This represents a $3.48 annualized dividend and a yield of 7.58%. The ex-dividend date of this dividend is Tuesday, October 22nd.

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.