First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Down 0.2% – Should You Sell?

First Trust High Income Strategic Focus ETF (NASDAQ:HISF)’s stock price fell 0.2% on Friday . The stock traded as low as $44.49 and last traded at $44.53. 2,790 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 15,502 shares. The stock had previously closed at $44.63.

First Trust High Income Strategic Focus ETF Trading Down 0.2%

The firm has a 50-day simple moving average of $45.23 and a two-hundred day simple moving average of $45.24. The company has a market capitalization of $84.61 million, a price-to-earnings ratio of 0.06 and a beta of 0.31.

First Trust High Income Strategic Focus ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.193 per share. This is a positive change from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 5.2%.

Institutional Trading of First Trust High Income Strategic Focus ETF

A number of hedge funds have recently added to or reduced their stakes in HISF. CreativeOne Wealth LLC increased its stake in shares of First Trust High Income Strategic Focus ETF by 20.5% in the 2nd quarter. CreativeOne Wealth LLC now owns 11,353 shares of the company’s stock valued at $508,000 after purchasing an additional 1,935 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in First Trust High Income Strategic Focus ETF during the third quarter worth approximately $12,644,000. Private Trust Co. NA acquired a new stake in First Trust High Income Strategic Focus ETF in the third quarter valued at approximately $43,000. Perigon Wealth Management LLC increased its position in shares of First Trust High Income Strategic Focus ETF by 7.3% in the third quarter. Perigon Wealth Management LLC now owns 27,181 shares of the company’s stock valued at $1,228,000 after buying an additional 1,846 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF in the third quarter valued at approximately $550,000. 51.36% of the stock is owned by hedge funds and other institutional investors.

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.