First Trust Senior Loan Fund (FTSL)
Exencial Wealth Advisors LLC Sells 15,047 Shares of First Trust Senior Loan ETF $FTSL
Exencial Wealth Advisors LLC decreased its holdings in First Trust Senior Loan ETF (NASDAQ: FTSL) by 15.6% during the undefined quarter, according to the company in its most recent filing with the SEC. The fund owned 81,350 shares of the company's stock after selling 15,047 shares during the period. Exencial Wealth Advisors LLC
Farther Finance Advisors LLC Increases Position in First Trust Senior Loan ETF $FTSL
Farther Finance Advisors LLC grew its holdings in shares of First Trust Senior Loan ETF (NASDAQ: FTSL) by 3,002.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,153 shares of the company's stock after buying an additional 21,439 shares during the quarter.
First Trust Senior Loan ETF $FTSL Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management
Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in First Trust Senior Loan ETF (NASDAQ: FTSL) by 10.5% in the undefined quarter, according to its most recent filing with the SEC. The fund owned 172,645 shares of the company's stock after purchasing an additional 16,409 shares during the period. Empirical
Assetmark Inc. Has $4.29 Million Stake in First Trust Senior Loan ETF $FTSL
Assetmark Inc. lifted its position in shares of First Trust Senior Loan ETF (NASDAQ: FTSL) by 114.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,582 shares of the company's stock after purchasing an additional 49,990 shares during the
Wealth Enhancement Advisory Services LLC Has $10.93 Million Stock Position in First Trust Senior Loan ETF $FTSL
Wealth Enhancement Advisory Services LLC lowered its position in First Trust Senior Loan ETF (NASDAQ: FTSL) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,456 shares of the company's stock after selling 28,315 shares during
Mayflower Financial Advisors LLC Purchases Shares of 19,180 First Trust Senior Loan ETF $FTSL
Mayflower Financial Advisors LLC acquired a new position in First Trust Senior Loan ETF (NASDAQ: FTSL) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,180 shares of the company's stock, valued at approximately $879,000. A number of other hedge funds
Exchange Traded Concepts LLC Grows Holdings in First Trust Senior Loan ETF $FTSL
Exchange Traded Concepts LLC lifted its stake in First Trust Senior Loan ETF (NASDAQ: FTSL) by 36.9% during the undefined quarter, according to the company in its most recent filing with the SEC. The fund owned 187,564 shares of the company's stock after acquiring an additional 50,578 shares during the quarter. Exchange Traded
FTSL: In Case The Fed Keeps Rates Here
Floating rate bank loans, like those in the First Trust Senior Loan Fund (FTSL), are attractive in a high-interest-rate environment due to their high yield and risk/return profile. FTSL is actively managed, allowing it to capitalize on market mispricings and adapt to changing conditions better than passive funds. The fund is well-diversified with 222 positions, a 30-Day SEC Yield of 7.76%, and a weighted effective duration of 0.58 years.
FTSL: Senior Loan ETF, Good Dividend Yield, Below-Average Performance, And High Expense Ratio
FTSL is a simple senior loan ETF, with an above-average 7.7% dividend yield. Senior loans were one of the best-performing income investments of 2022 and 2023, with FTSL outperforming most of its peers. Outperformance has diminished these past few months. Fed hikes and narrow credit spreads could pressure senior loans and FTSL further.
FTSL: When A Hold Is A Hold
The First Trust Senior Loan Fund ETF is used as a prime example of a "Hold" investment, emphasizing its stable dividend yield and low volatility. The thesis discusses potential downside risks, such as rising default rates and interest rate hikes, and outlines scenarios that could lead to a "Sell" rating. The article clarifies the distinction between "Hold" and "Sell" ratings in investment analysis, focusing on dividend-paying securities with limited upside potential.
FTSL: Not A Good Entry Point, But An Attractive Hold (Rating Downgrade)
First Trust Senior Loan Fund ETF is an exchange-traded fund that invests in leveraged loans. Despite rising interest rates, leveraged loans have delivered robust returns in the past year due to their floating-rate nature. The fund has gained over 6.5% since our last rating, with low volatility, and currently offers a 30-day SEC yield in excess of 8%.
An Introduction to Senior Loan ETFs
Senior loan ETFs can offer protection against rising interest rates.
FTSL: Unleveraged Floating Rate Loans, 8.4% Yield
The First Trust Senior Loan Fund is an actively managed ETF that primarily invests in first lien senior floating-rate bank loans, with a current yield of 8.4%. The fund has low market risk due to its floating rate nature and low duration, but it does carry credit risk, as market sell-offs can widen spreads on underlying loans. The transition from LIBOR to SOFR in the leveraged loan market has been slow, potentially leading to higher yields for FTSL if issuers have to start paying an Alternative Base Rate.
First Trust Senior Loan ETF (NASDAQ:FTSL) Shares Acquired by Capital Investment Advisory Services LLC
Capital Investment Advisory Services LLC raised its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,982 shares of the company’s stock after purchasing an additional 264 shares during the quarter. […]
Envestnet Asset Management Inc. Decreases Position in First Trust Senior Loan ETF (NASDAQ:FTSL)
Envestnet Asset Management Inc. lowered its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 600,312 shares of the company’s stock after selling 18,598 shares during the period. Envestnet […]
First Trust Senior Loan ETF (NASDAQ:FTSL) Shares Sold by Jacobi Capital Management LLC
Jacobi Capital Management LLC decreased its holdings in First Trust Senior Loan ETF (NASDAQ:FTSL) by 72.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,013 shares of the company’s stock after selling 30,926 shares during the period. Jacobi […]
Clear Creek Financial Management LLC Has $864,000 Stake in First Trust Senior Loan ETF (NASDAQ:FTSL)
Clear Creek Financial Management LLC decreased its holdings in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,440 shares of the company’s stock after selling 1,969 shares during the […]
First Trust Senior Loan ETF (NASDAQ:FTSL) Stock Position Raised by Bank of New York Mellon Corp
Bank of New York Mellon Corp lifted its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 2.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,437 shares of the company’s stock after acquiring an additional 1,020 shares during the quarter. Bank of […]
Baird Financial Group Inc. Buys 2,463 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)
Baird Financial Group Inc. grew its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,098 shares of the company’s stock after purchasing an additional 2,463 shares during the period. Baird Financial […]
Barber Financial Group Inc. Sells 6,880 Shares of First Trust Senior Loan ETF (NASDAQ:FTSL)
Barber Financial Group Inc. lessened its stake in shares of First Trust Senior Loan ETF (NASDAQ:FTSL) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 140,832 shares of the company’s stock after selling 6,880 shares during the period. First Trust Senior Loan ETF accounts for about […]