43,138 Shares in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 43,138 shares of the company’s stock, valued at approximately $1,935,000. International Assets Investment Management LLC owned 0.06% of First Trust High Income Strategic Focus ETF at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James & Associates acquired a new position in First Trust High Income Strategic Focus ETF during the 4th quarter worth approximately $252,000. Integrated Wealth Concepts LLC acquired a new position in First Trust High Income Strategic Focus ETF during the 3rd quarter worth approximately $555,000. Royal Bank of Canada increased its position in First Trust High Income Strategic Focus ETF by 34.3% during the 3rd quarter. Royal Bank of Canada now owns 19,044 shares of the company’s stock worth $814,000 after purchasing an additional 4,859 shares in the last quarter. LPL Financial LLC increased its position in First Trust High Income Strategic Focus ETF by 3.1% during the 3rd quarter. LPL Financial LLC now owns 69,971 shares of the company’s stock worth $2,990,000 after purchasing an additional 2,109 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in 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 purchasing an additional 2,191 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Price Performance

HISF stock opened at $43.24 on Friday. First Trust High Income Strategic Focus ETF has a 1 year low of $41.73 and a 1 year high of $44.98. The company has a 50 day simple moving average of $44.02 and a 200 day simple moving average of $43.76. The stock has a market cap of $32.43 million, a price-to-earnings ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.164 dividend. This represents a $1.97 annualized dividend and a yield of 4.55%. The ex-dividend date was Thursday, March 21st.

About First Trust High Income Strategic Focus ETF

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.