Bullseye Investment Management LLC Makes New $2.45 Million Investment in First Trust Senior Loan ETF (NASDAQ:FTSL)

Bullseye Investment Management LLC bought a new position in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 52,967 shares of the company’s stock, valued at approximately $2,449,000. First Trust Senior Loan ETF accounts for approximately 1.6% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 17th largest holding.

A number of other large investors also recently made changes to their positions in the company. Benjamin Edwards Inc. acquired a new position in First Trust Senior Loan ETF in the 3rd quarter valued at $718,000. Strategic Financial Concepts LLC bought a new stake in shares of First Trust Senior Loan ETF in the fourth quarter valued at about $501,000. Rockefeller Capital Management L.P. grew its stake in shares of First Trust Senior Loan ETF by 4.2% in the third quarter. Rockefeller Capital Management L.P. now owns 72,591 shares of the company’s stock valued at $3,331,000 after acquiring an additional 2,927 shares in the last quarter. JPMorgan Chase & Co. increased its position in First Trust Senior Loan ETF by 238.2% during the third quarter. JPMorgan Chase & Co. now owns 192,086 shares of the company’s stock worth $8,815,000 after acquiring an additional 135,283 shares during the period. Finally, Stephens Inc. AR raised its stake in First Trust Senior Loan ETF by 14.8% in the 4th quarter. Stephens Inc. AR now owns 5,646 shares of the company’s stock worth $261,000 after purchasing an additional 730 shares in the last quarter.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL opened at $45.69 on Friday. The firm has a 50-day moving average price of $46.09 and a two-hundred day moving average price of $46.17. First Trust Senior Loan ETF has a 12-month low of $45.23 and a 12-month high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $0.26 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend is Thursday, March 27th.

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.