First Trust Senior Loan Fund (NASDAQ:FTSL) Announces Monthly Dividend of $0.14

First Trust Senior Loan Fund (NASDAQ:FTSL – Get a rating) announced a monthly dividend on Monday, May 23, Zacks reports. Shareholders of record on Wednesday May 25 will receive a dividend of 0.142 per share on Tuesday May 31. This represents an annualized dividend of $1.70 and a yield of 3.79%. The ex-dividend date is Tuesday, May 24.

Shares of First Trust Senior Loan Fund traded down $0.07 during Wednesday’s trading, hitting $44.93. 1,400 shares were traded, against an average volume of 882,874. The stock’s fifty-day moving average is $46.75 and its 200-day moving average is $47.35. The First Trust Senior Loan Fund has a 1 year minimum of $44.88 and a 1 year maximum of $48.31.

Institutional investors have recently been buying and selling shares of the company. PNC Financial Services Group Inc. increased its holdings of First Trust Senior Loan Fund shares by 74.3% in the first quarter. PNC Financial Services Group Inc. now owns 802 shares of the company worth $38,000 after purchasing an additional 342 shares during the period. Belpointe Asset Management LLC purchased a new equity stake in First Trust Senior Loan Fund during the fourth quarter for a value of approximately $147,000. KC Investment Advisors LLC purchased a new equity stake in First Trust Senior Loan Fund during the first quarter for a value of approximately $260,000. Sawtooth Solutions LLC purchased a new equity stake in First Trust Senior Loan Fund during the first quarter valued at approximately $359,000. Finally, NEXT Financial Group Inc. increased its holdings of First Trust Senior Loan Fund shares by 39.0% during the fourth quarter. NEXT Financial Group Inc now owns 11,481 shares of the company worth $550,000 after purchasing an additional 3,220 shares during the period.

See also

Dividend History for First Trust Senior Loan Fund (NASDAQ:FTSL)

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in the First Trust Senior Loan Fund right now?

Before you consider the First Trust Senior Loan Fund, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over…and First Trust Senior Loan Fund didn’t make the list.

Although the First Trust Senior Loan Fund currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.