First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Down 0.6% – What’s Next?

First Trust High Income Strategic Focus ETF (NASDAQ:HISF)’s stock price fell 0.6% during trading on Friday . The stock traded as low as $44.17 and last traded at $44.21. 1,770 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 12,251 shares. The stock had previously closed at $44.46.

First Trust High Income Strategic Focus ETF Stock Performance

The company’s 50 day moving average price is $44.58 and its 200 day moving average price is $45.02. The company has a market cap of $90.63 million, a price-to-earnings ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. AE Wealth Management LLC raised its holdings in shares of First Trust High Income Strategic Focus ETF by 168.9% in the third quarter. AE Wealth Management LLC now owns 1,358 shares of the company’s stock valued at $61,000 after buying an additional 853 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at about $68,000. Kestra Advisory Services LLC bought a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at about $75,000. Osaic Holdings Inc. raised its holdings in shares of First Trust High Income Strategic Focus ETF by 18.3% in the fourth quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock valued at $146,000 after buying an additional 500 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at about $190,000. 51.36% of the stock is owned by 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.