Cedrus LLC Sells 1,124 Shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF)

Cedrus LLC decreased its holdings in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,765 shares of the company’s stock after selling 1,124 shares during the quarter. Cedrus LLC owned 0.58% of First Trust High Income Strategic Focus ETF worth $262,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HISF. tru Independence LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 1st quarter valued at $1,873,000. Commonwealth Equity Services LLC boosted its stake in First Trust High Income Strategic Focus ETF by 9.8% in the first quarter. Commonwealth Equity Services LLC now owns 26,999 shares of the company’s stock worth $1,194,000 after purchasing an additional 2,415 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF during the first quarter worth $339,000. Cetera Investment Advisers acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the first quarter valued at $1,574,000. Finally, Raymond James Trust N.A. bought a new position in shares of First Trust High Income Strategic Focus ETF in the second quarter valued at about $246,000. 51.36% of the stock is owned by institutional investors.

First Trust High Income Strategic Focus ETF Stock Up 0.0 %

Shares of NASDAQ:HISF opened at $44.98 on Monday. First Trust High Income Strategic Focus ETF has a 12 month low of $41.73 and a 12 month high of $45.96. The firm has a market cap of $44.98 million, a P/E ratio of 0.06 and a beta of 0.46. The company’s 50-day moving average price is $45.30 and its two-hundred day moving average price is $44.38.

First Trust High Income Strategic Focus ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.177 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Thursday, September 26th.

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.