Cetera Investment Advisers Boosts Stake in First Trust High Income Strategic Focus ETF (NASDAQ:HISF)

Cetera Investment Advisers lifted its holdings in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,672 shares of the company’s stock after buying an additional 2,914 shares during the quarter. Cetera Investment Advisers owned 3.87% of First Trust High Income Strategic Focus ETF worth $1,693,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HISF. Jane Street Group LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at approximately $1,212,000. Raymond James Financial Inc. purchased a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at approximately $685,000. Commonwealth Equity Services LLC boosted its stake in shares of First Trust High Income Strategic Focus ETF by 57.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,460 shares of the company’s stock valued at $1,202,000 after buying an additional 10,005 shares in the last quarter. LPL Financial LLC boosted its stake in shares of First Trust High Income Strategic Focus ETF by 7.1% in the fourth quarter. LPL Financial LLC now owns 124,587 shares of the company’s stock valued at $5,454,000 after buying an additional 8,257 shares in the last quarter. Finally, Tidemark LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at approximately $275,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

First Trust High Income Strategic Focus ETF Stock Performance

HISF opened at $44.09 on Wednesday. The business’s fifty day moving average is $44.05 and its two-hundred day moving average is $44.10. The company has a market cap of $46.29 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a one year low of $43.22 and a one year high of $45.96.

First Trust High Income Strategic Focus ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.172 per share. The ex-dividend date of this dividend was Tuesday, April 22nd.

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.