D.A. Davidson & CO. Sells 980 Shares of First Trust Low Duration Strategic Focus ETF $LDSF

D.A. Davidson & CO. cut its holdings in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) by 1.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 88,132 shares of the company’s stock after selling 980 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Low Duration Strategic Focus ETF were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in LDSF. Mutual Advisors LLC raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 20.2% during the 1st quarter. Mutual Advisors LLC now owns 214,095 shares of the company’s stock valued at $4,030,000 after purchasing an additional 35,922 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 3.4% in the first quarter. Cetera Investment Advisers now owns 33,963 shares of the company’s stock worth $641,000 after buying an additional 1,106 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust Low Duration Strategic Focus ETF by 35.2% in the first quarter. LPL Financial LLC now owns 738,016 shares of the company’s stock valued at $13,926,000 after acquiring an additional 192,341 shares during the period. Raymond James Financial Inc. grew its stake in First Trust Low Duration Strategic Focus ETF by 14.5% during the first quarter. Raymond James Financial Inc. now owns 166,519 shares of the company’s stock valued at $3,142,000 after acquiring an additional 21,113 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in First Trust Low Duration Strategic Focus ETF by 55.1% during the first quarter. Royal Bank of Canada now owns 555,610 shares of the company’s stock valued at $10,484,000 after acquiring an additional 197,326 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Trading Up 0.1%

NASDAQ LDSF opened at $19.15 on Monday. The company’s 50 day simple moving average is $19.13 and its two-hundred day simple moving average is $18.98. First Trust Low Duration Strategic Focus ETF has a 1 year low of $18.56 and a 1 year high of $19.29.

First Trust Low Duration Strategic Focus ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid a $0.0727 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, October 21st.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.