First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Increases Dividend to $0.18 Per Share

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.184 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Thursday, September 24th. This is a 1.1% increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.18.

First Trust High Income Strategic Focus ETF Stock Performance

NASDAQ:HISF traded down $0.22 during trading hours on Thursday, hitting $42.79. The company’s stock had a trading volume of 35,832 shares, compared to its average volume of 9,830. The business’s 50-day moving average is $43.76 and its two-hundred day moving average is $44.20. The company has a market capitalization of $98.42 million, a PE ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a 52-week low of $42.99 and a 52-week high of $45.61.

Institutional Trading of First Trust High Income Strategic Focus ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new position in First Trust High Income Strategic Focus ETF during the second quarter worth about $1,186,000. Prospera Financial Services Inc grew its holdings in shares of First Trust High Income Strategic Focus ETF by 5.4% in the 4th quarter. Prospera Financial Services Inc now owns 26,740 shares of the company’s stock worth $1,210,000 after acquiring an additional 1,380 shares during the period. Cetera Investment Advisers increased its stake in First Trust High Income Strategic Focus ETF by 11.8% in the 1st quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock valued at $1,941,000 after purchasing an additional 4,618 shares in the last quarter. Royal Bank of Canada raised its holdings 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 last quarter. Finally, Envestnet Asset Management Inc. boosted its position in First Trust High Income Strategic Focus ETF by 216.5% during the second 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. Hedge funds and other institutional investors own 51.36% of the company’s stock.

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.