Raymond James & Associates Acquires Shares of 5,620 First Trust High Income Strategic Focus ETF (NASDAQ:HISF)

Raymond James & Associates bought a new position in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,620 shares of the company’s stock, valued at approximately $252,000. Raymond James & Associates owned approximately 0.80% of First Trust High Income Strategic Focus ETF at the end of the most recent quarter.

Separately, Atria Wealth Solutions Inc. raised its holdings in shares of First Trust High Income Strategic Focus ETF by 40.2% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 7,647 shares of the company’s stock worth $327,000 after acquiring an additional 2,191 shares in the last quarter. 51.36% of the stock is owned by institutional investors.

First Trust High Income Strategic Focus ETF Stock Up 0.2 %

First Trust High Income Strategic Focus ETF stock opened at $43.21 on Tuesday. First Trust High Income Strategic Focus ETF has a 52-week low of $41.73 and a 52-week high of $44.98. The company has a market cap of $32.41 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. The firm’s fifty day moving average is $43.90 and its 200 day moving average is $43.80.

First Trust High Income Strategic Focus ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th will be issued a $0.1666 dividend. This is an increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.16. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.63%.

First Trust High Income Strategic Focus ETF 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.