First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Down 0.6% – What’s Next?

First Trust High Income Strategic Focus ETF (NASDAQ:HISF)’s share price was down 0.6% during mid-day trading on Friday . The company traded as low as $44.17 and last traded at $44.21. Approximately 1,770 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 12,251 shares. The stock had previously closed at $44.46.

First Trust High Income Strategic Focus ETF Stock Down 0.6%

The stock has a fifty day moving average of $44.58 and a 200-day moving average of $45.02. The firm has a market capitalization of $90.63 million, a P/E ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Trading of First Trust High Income Strategic Focus ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in First Trust High Income Strategic Focus ETF by 59.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock worth $31,118,000 after purchasing an additional 261,046 shares during the last quarter. LPL Financial LLC raised its holdings in First Trust High Income Strategic Focus ETF by 30.6% during the 4th 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. Commonwealth Equity Services LLC raised its holdings in First Trust High Income Strategic Focus ETF by 38.2% during the 4th 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 last quarter. tru Independence LLC raised its holdings in First Trust High Income Strategic Focus ETF by 9.1% during the 4th quarter. tru Independence LLC now owns 65,472 shares of the company’s stock worth $2,962,000 after purchasing an additional 5,449 shares during the last quarter. Finally, Betterment LLC raised its holdings in First Trust High Income Strategic Focus ETF by 14.9% during the 4th quarter. Betterment LLC now owns 48,680 shares of the company’s stock worth $2,203,000 after purchasing an additional 6,306 shares during the last quarter. 51.36% of the stock is owned by institutional investors.

First Trust High Income Strategic Focus ETF Company Profile

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.