LPL Financial LLC Has $4.89 Million Stake in First Trust High Income Strategic Focus ETF (NASDAQ:HISF)

LPL Financial LLC trimmed its stake in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) by 11.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,511 shares of the company’s stock after selling 14,076 shares during the period. LPL Financial LLC owned about 10.52% of First Trust High Income Strategic Focus ETF worth $4,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CreativeOne Wealth LLC increased its holdings in First Trust High Income Strategic Focus ETF by 17.8% in the fourth quarter. CreativeOne Wealth LLC now owns 9,156 shares of the company’s stock valued at $401,000 after purchasing an additional 1,384 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust High Income Strategic Focus ETF in the fourth quarter valued at $685,000. Jane Street Group LLC acquired a new stake in First Trust High Income Strategic Focus ETF in the fourth quarter valued at $1,212,000. Cetera Investment Advisers increased its holdings in First Trust High Income Strategic Focus ETF by 8.1% in the fourth quarter. Cetera Investment Advisers now owns 38,672 shares of the company’s stock valued at $1,693,000 after purchasing an additional 2,914 shares during the period. Finally, Breakthru Advisory Services LLC acquired a new stake in First Trust High Income Strategic Focus ETF in the fourth quarter valued at $4,295,000. 51.36% of the stock is currently owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Stock Up 0.3%

NASDAQ HISF opened at $44.92 on Thursday. The company has a market capitalization of $51.66 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a twelve month low of $43.22 and a twelve month high of $45.96. The stock has a fifty day simple moving average of $44.49 and a 200 day simple moving average of $44.22.

First Trust High Income Strategic Focus ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd were issued a $0.175 dividend. The ex-dividend date was Tuesday, July 22nd. This is a positive change from First Trust High Income Strategic Focus ETF’s previous dividend of $0.17.

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.