First Trust Low Duration Strategic Focus ETF $LDSF Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) by 6.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 97,957 shares of the company’s stock after selling 6,986 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Low Duration Strategic Focus ETF were worth $1,861,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in First Trust Low Duration Strategic Focus ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 33,963 shares of the company’s stock worth $641,000 after acquiring an additional 1,106 shares during the period. LPL Financial LLC grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 35.2% during the 1st quarter. LPL Financial LLC now owns 738,016 shares of the company’s stock worth $13,926,000 after purchasing an additional 192,341 shares during the period. Raymond James Financial Inc. increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 14.5% during the 1st quarter. Raymond James Financial Inc. now owns 166,519 shares of the company’s stock valued at $3,142,000 after purchasing an additional 21,113 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 55.1% during the 1st quarter. Royal Bank of Canada now owns 555,610 shares of the company’s stock valued at $10,484,000 after purchasing an additional 197,326 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of First Trust Low Duration Strategic Focus ETF in the 2nd quarter valued at $113,000.

First Trust Low Duration Strategic Focus ETF Price Performance

Shares of NASDAQ LDSF opened at $19.14 on Wednesday. The company’s fifty day moving average price is $19.15 and its 200 day moving average price is $19.03. First Trust Low Duration Strategic Focus ETF has a 1 year low of $18.56 and a 1 year high of $19.29.

First Trust Low Duration Strategic Focus ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were given a dividend of $0.0727 per share. The ex-dividend date was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

First Trust Low Duration Strategic Focus ETF Company Profile

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.