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 shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,620 shares of the company’s stock, valued at approximately $252,000.

Separately, Atria Wealth Solutions Inc. grew its stake 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 valued at $327,000 after acquiring an additional 2,191 shares in the last quarter. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

First Trust High Income Strategic Focus ETF Price Performance

Shares of First Trust High Income Strategic Focus ETF stock opened at $43.21 on Tuesday. The stock’s 50 day simple moving average is $43.90 and its 200-day simple moving average is $43.80. The stock has a market cap of $32.41 million, a P/E ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a 1-year low of $41.73 and a 1-year high of $44.98.

First Trust High Income Strategic Focus ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be paid a $0.1666 dividend. The ex-dividend date is Tuesday, April 23rd. This is an increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.16. 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.