Apollon Wealth Management LLC Increases Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)

Apollon Wealth Management LLC increased its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,539 shares of the company’s stock after purchasing an additional 7,345 shares during the quarter. Apollon Wealth Management LLC’s holdings in First Trust Senior Loan ETF were worth $2,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in shares of First Trust Senior Loan ETF in the fourth quarter worth about $36,000. Consultiva Wealth Management CORP. bought a new stake in First Trust Senior Loan ETF in the third quarter valued at approximately $99,000. Provence Wealth Management Group purchased a new stake in shares of First Trust Senior Loan ETF during the third quarter valued at approximately $123,000. NBC Securities Inc. bought a new position in shares of First Trust Senior Loan ETF in the third quarter worth approximately $162,000. Finally, Concorde Asset Management LLC purchased a new position in shares of First Trust Senior Loan ETF in the third quarter worth $293,000.

First Trust Senior Loan ETF Trading Up 0.1 %

FTSL traded up $0.04 during trading on Tuesday, hitting $46.25. 168,990 shares of the stock traded hands, compared to its average volume of 314,783. First Trust Senior Loan ETF has a 12-month low of $44.53 and a 12-month high of $46.99. The firm has a 50-day moving average of $46.18 and a 200 day moving average of $46.01.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were paid a $0.295 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $3.54 annualized dividend and a dividend yield of 7.65%.

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.