First Trust Senior Loan Fund (NASDAQ:FTSL – Get a rating) announced a monthly dividend on Thursday, June 23, Zacks reports. Shareholders of record on Monday, June 27 will receive a dividend of 0.153 per share on Thursday, June 30. This represents an annualized dividend of $1.84 and a yield of 4.10%. The ex-dividend date is Friday, June 24. This is a positive change from the First Trust Senior Loan Fund’s previous monthly dividend of $0.14.
The NASDAQ FTSL opened at $44.81 on Friday. The First Trust Senior Loan Fund has a 12 month minimum of $44.55 and a 12 month maximum of $48.19. The company’s 50-day moving average is $45.84 and its 200-day moving average is $46.94.
Several hedge funds and other institutional investors have recently bought and sold shares of FTSL. JPMorgan Chase & Co. increased its holdings of First Trust Senior Loan Fund shares by 79.0% in the first quarter. JPMorgan Chase & Co. now owns 67,825 shares of the company valued at $3,191,000 after purchasing an additional 29,925 shares in the last quarter. 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 valued at $38,000 after purchasing an additional 342 shares in the last quarter. Bank of Montreal Can increased its holdings of First Trust Senior Loan Fund shares by 563.0% in the first quarter. Bank of Montreal Can now owns 21,124 shares of the company valued at $995,000 after buying an additional 17,938 shares in the last quarter. Raymond James Trust NA increased its holdings of First Trust Senior Loan Fund shares by 80.4% in the first quarter. Raymond James Trust NA now owns 15,603 shares of the company valued at $734,000 after purchasing an additional 6,953 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of First Trust Senior Loan Fund by 10.8% in the first quarter. NewEdge Advisors LLC now owns 70,716 shares of the company valued at $3,327,000 after purchasing an additional 6,885 shares last quarter.
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