First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Trading 0.2% Higher – Here’s What Happened

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) rose 0.2% during mid-day trading on Tuesday . The stock traded as high as $43.95 and last traded at $43.95. 1,362 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 10,120 shares. The stock had previously closed at $43.88.

First Trust High Income Strategic Focus ETF Trading Up 0.3%

The stock has a 50-day simple moving average of $44.16 and a 200 day simple moving average of $44.55. The company has a market cap of $99.09 million, a price-to-earnings ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a dividend of $0.186 per share. The ex-dividend date of this dividend was Tuesday, July 21st.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

Several hedge funds and other institutional investors have recently bought and sold shares of HISF. Commonwealth Equity Services LLC increased its stake in shares of First Trust High Income Strategic Focus ETF by 38.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 129,548 shares of the company’s stock worth $5,861,000 after acquiring an additional 35,807 shares during the period. Geneos Wealth Management Inc. lifted its position in First Trust High Income Strategic Focus ETF by 59.2% during the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock valued at $31,118,000 after purchasing an additional 261,046 shares during the period. Prospera Financial Services Inc lifted its position in First Trust High Income Strategic Focus ETF by 5.4% during the fourth quarter. Prospera Financial Services Inc now owns 26,740 shares of the company’s stock valued at $1,210,000 after purchasing an additional 1,380 shares during the period. International Assets Investment Management LLC purchased a new stake in First Trust High Income Strategic Focus ETF in the fourth quarter valued at $68,000. Finally, Osaic Holdings Inc. boosted its holdings in 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 purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

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.