Ocean Park Asset Management LLC Takes $13.72 Million Position in First Trust Senior Loan ETF (NASDAQ:FTSL)

Ocean Park Asset Management LLC acquired a new position in First Trust Senior Loan ETF (NASDAQ:FTSL) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 296,600 shares of the company’s stock, valued at approximately $13,715,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FTSL. Stephens Inc. AR raised its position in First Trust Senior Loan ETF by 14.8% during the fourth 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. AlphaStar Capital Management LLC bought a new position in shares of First Trust Senior Loan ETF during the 4th quarter valued at about $455,000. Moloney Securities Asset Management LLC raised its holdings in shares of First Trust Senior Loan ETF by 12.7% during the 4th quarter. Moloney Securities Asset Management LLC now owns 53,503 shares of the company’s stock valued at $2,474,000 after buying an additional 6,033 shares in the last quarter. TFG Advisers LLC lifted its position in First Trust Senior Loan ETF by 8.6% in the 4th quarter. TFG Advisers LLC now owns 15,781 shares of the company’s stock worth $730,000 after buying an additional 1,243 shares during the last quarter. Finally, Realta Investment Advisors purchased a new stake in First Trust Senior Loan ETF in the fourth quarter worth approximately $291,000.

First Trust Senior Loan ETF Trading Up 0.1 %

Shares of NASDAQ FTSL opened at $46.24 on Tuesday. First Trust Senior Loan ETF has a one year low of $45.23 and a one year high of $46.99. The firm’s 50 day simple moving average is $46.31 and its two-hundred day simple moving average is $46.15.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.2675 dividend. The ex-dividend date was Wednesday, January 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.