First Trust High Income Strategic Focus ETF (NASDAQ:HISF) to Issue $0.19 Dividend

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) declared a dividend on Wednesday, May 20th, NASDAQ Dividends reports. Stockholders of record on Thursday, May 21st will be given a dividend of 0.19 per share on Friday, May 29th. The ex-dividend date of this dividend is Thursday, May 21st.

First Trust High Income Strategic Focus ETF Stock Performance

Shares of NASDAQ HISF traded down $0.18 during midday trading on Thursday, hitting $44.08. The company’s stock had a trading volume of 10,665 shares, compared to its average volume of 12,068. First Trust High Income Strategic Focus ETF has a 1-year low of $43.66 and a 1-year high of $45.61. The firm’s fifty day moving average price is $44.53 and its 200-day moving average price is $44.99. The firm has a market cap of $90.36 million, a P/E ratio of 0.06 and a beta of 0.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. AE Wealth Management LLC lifted its position in First Trust High Income Strategic Focus ETF by 168.9% in the 3rd quarter. AE Wealth Management LLC now owns 1,358 shares of the company’s stock valued at $61,000 after purchasing an additional 853 shares during the last quarter. International Assets Investment Management LLC bought a new stake in First Trust High Income Strategic Focus ETF in the 4th quarter valued at about $68,000. Kestra Advisory Services LLC bought a new stake in First Trust High Income Strategic Focus ETF in the 4th quarter valued at about $75,000. Osaic Holdings Inc. lifted its position in First Trust High Income Strategic Focus ETF by 18.3% in the 4th quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock valued at $146,000 after purchasing an additional 500 shares during the last quarter. Finally, Arax Advisory Partners bought a new stake in First Trust High Income Strategic Focus ETF in the 4th quarter valued at about $190,000. 51.36% of the stock is owned by institutional investors and hedge funds.

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.