First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Stock Price Down 0.1% – Here’s What Happened

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF)’s share price fell 0.1% during mid-day trading on Friday . The company traded as low as $18.69 and last traded at $18.70. Approximately 4,120 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 28,752 shares. The stock had previously closed at $18.71.

First Trust Low Duration Strategic Focus ETF Stock Performance

The business’s 50-day moving average is $18.84 and its two-hundred day moving average is $18.93.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.075 dividend. The ex-dividend date was Friday, August 21st. This is an increase from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Several institutional investors have recently made changes to their positions in LDSF. Sanctuary Advisors LLC boosted its position in First Trust Low Duration Strategic Focus ETF by 38.8% during the 1st quarter. Sanctuary Advisors LLC now owns 232,698 shares of the company’s stock valued at $4,403,000 after purchasing an additional 65,050 shares during the period. Arax Advisory Partners bought a new position in First Trust Low Duration Strategic Focus ETF during the 4th quarter worth $10,352,000. Royal Bank of Canada increased its position in First Trust Low Duration Strategic Focus ETF by 27.9% in the first quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after buying an additional 360,432 shares during the period. Citadel Advisors LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF in the second quarter worth $786,000. Finally, Western Wealth Management LLC bought a new stake in First Trust Low Duration Strategic Focus ETF in the first quarter valued at $119,000.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.