First Trust High Income Strategic Focus ETF (HISF) to Issue Monthly Dividend of $0.18 on September 30th

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) announced a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of $0.1840 per share on Wednesday, September 30th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Thursday, September 24th. This is a 1.1% increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.1820.

First Trust High Income Strategic Focus ETF Stock Down 1.0%

HISF opened at $42.60 on Friday. The stock has a market cap of $97.98 million, a P/E ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a 12 month low of $42.60 and a 12 month high of $45.61. The company has a fifty day simple moving average of $43.73 and a 200 day simple moving average of $44.19.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

Several large investors have recently modified their holdings of HISF. Envestnet Asset Management Inc. grew its position in shares of First Trust High Income Strategic Focus ETF by 216.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after purchasing an additional 50,238 shares during the period. Ameritas Advisory Services LLC acquired a new stake in First Trust High Income Strategic Focus ETF during the 2nd quarter worth approximately $1,186,000. Royal Bank of Canada raised its holdings in First Trust High Income Strategic Focus ETF by 72.1% during the 1st quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock worth $2,799,000 after buying an additional 26,452 shares during the period. Cetera Investment Advisers lifted its stake in First Trust High Income Strategic Focus ETF by 11.8% in the first quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock valued at $1,941,000 after buying an additional 4,618 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in First Trust High Income Strategic Focus ETF by 59.2% in the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock valued at $31,118,000 after buying an additional 261,046 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors.

First Trust High Income Strategic Focus ETF Company 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.