Pine Valley Investments Ltd Liability Co Acquires 34,548 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)

Pine Valley Investments Ltd Liability Co raised its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 25.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,723 shares of the company’s stock after purchasing an additional 34,548 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in First Trust Senior Loan ETF were worth $7,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB bought a new stake in shares of First Trust Senior Loan ETF in the 4th quarter worth about $32,000. DHJJ Financial Advisors Ltd. lifted its stake in First Trust Senior Loan ETF by 377.2% in the fourth quarter. DHJJ Financial Advisors Ltd. now owns 773 shares of the company’s stock worth $36,000 after purchasing an additional 611 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in shares of First Trust Senior Loan ETF during the third quarter valued at approximately $98,000. Global Retirement Partners LLC boosted its position in shares of First Trust Senior Loan ETF by 27.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,954 shares of the company’s stock valued at $137,000 after buying an additional 635 shares during the period. Finally, FLC Capital Advisors purchased a new position in shares of First Trust Senior Loan ETF during the fourth quarter valued at approximately $210,000.

First Trust Senior Loan ETF Price Performance

Shares of FTSL stock opened at $45.96 on Tuesday. The stock has a 50 day moving average price of $46.27 and a 200 day moving average price of $46.17. First Trust Senior Loan ETF has a 52-week low of $45.23 and a 52-week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.2625 per share. The ex-dividend date is Friday, February 21st.

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.