First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Declares Monthly Dividend of $0.18

by · The Markets Daily

First Trust High Income Strategic Focus ETF (NASDAQ:HISF – Get Free Report) announced a monthly dividend on Tuesday, October 20th. Investors of record on Wednesday, October 21st will be paid a dividend of $0.1840 per share on Friday, October 30th. This represents a $2.21 annualized dividend and a yield of 5.2%. The ex-dividend date is Wednesday, October 21st.

First Trust High Income Strategic Focus ETF Stock Performance

First Trust High Income Strategic Focus ETF stock traded down $0.17 during midday trading on Wednesday, reaching $42.55. 2,437 shares of the company’s stock were exchanged, compared to its average volume of 11,586. The stock’s 50-day simple moving average is $43.22 and its 200 day simple moving average is $43.93. The firm has a market cap of $97.87 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 $42.15 and a 52 week high of $45.58.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of First Trust High Income Strategic Focus ETF by 216.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock worth $3,255,000 after purchasing an additional 50,238 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in First Trust High Income Strategic Focus ETF in the second quarter valued at about $1,186,000. Geneos Wealth Management Inc. lifted its position in First Trust High Income Strategic Focus ETF by 59.2% during the first 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 period. Royal Bank of Canada lifted its position 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. Finally, tru Independence LLC lifted its position in First Trust High Income Strategic Focus ETF by 2.8% during the third quarter. tru Independence LLC now owns 78,191 shares of the company’s stock worth $3,306,000 after purchasing an additional 2,111 shares during the period. Institutional investors own 51.36% of the company’s stock.

About First Trust High Income Strategic Focus ETF

(Get Free Report)

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.

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