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

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Wednesday, October 21st will be given 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 of this dividend is Wednesday, October 21st.

First Trust High Income Strategic Focus ETF Trading Down 0.4%

NASDAQ HISF traded down $0.17 on Wednesday, hitting $42.55. 2,437 shares of the company’s stock were exchanged, compared to its average volume of 11,586. The stock has a 50-day moving average of $43.22 and a 200-day moving average of $43.93. The stock 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.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

Institutional investors have recently modified their holdings of the business. tru Independence LLC lifted its position in shares of First Trust High Income Strategic Focus ETF by 2.8% during the 3rd quarter. tru Independence LLC now owns 78,191 shares of the company’s stock worth $3,306,000 after buying an additional 2,111 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust High Income Strategic Focus ETF by 216.5% in the second quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after buying an additional 50,238 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in First Trust High Income Strategic Focus ETF in the second quarter valued at about $1,186,000. Royal Bank of Canada grew its position in First Trust High Income Strategic Focus ETF by 72.1% in the first quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after acquiring an additional 26,452 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in First Trust High Income Strategic Focus ETF by 11.8% in the first quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock valued at $1,941,000 after acquiring an additional 4,618 shares during the last quarter. Institutional investors and hedge funds 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.