First Trust High Income Strategic Focus ETF (HISF) To Go Ex-Dividend on June 25th

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) declared a dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.186 per share on Tuesday, June 30th. The ex-dividend date is Thursday, June 25th.

First Trust High Income Strategic Focus ETF Stock Down 0.4%

HISF stock opened at $44.37 on Friday. The stock has a market capitalization of $90.96 million, a price-to-earnings ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a 52-week low of $43.89 and a 52-week high of $45.61. The stock’s fifty day simple moving average is $44.43 and its 200-day simple moving average is $44.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its position in shares of First Trust High Income Strategic Focus ETF by 59.2% in the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock worth $31,118,000 after acquiring an additional 261,046 shares during the last quarter. LPL Financial LLC increased its position in First Trust High Income Strategic Focus ETF by 30.6% during the fourth quarter. LPL Financial LLC now owns 209,368 shares of the company’s stock worth $9,473,000 after purchasing an additional 49,082 shares during the last quarter. Betterment LLC purchased a new position in First Trust High Income Strategic Focus ETF during the third quarter worth approximately $1,914,000. Commonwealth Equity Services LLC raised its stake in First Trust High Income Strategic Focus ETF by 38.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 129,548 shares of the company’s stock worth $5,861,000 after purchasing an additional 35,807 shares during the period. Finally, Royal Bank of Canada raised its stake in First Trust High Income Strategic Focus ETF by 72.1% during the first quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock worth $2,799,000 after purchasing an additional 26,452 shares during the period. Institutional investors and hedge funds own 51.36% of the company’s stock.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.