MML Investors Services LLC Reduces Position in First Trust Strategic Income ETF (FDIV)

MML Investors Services LLC lowered its stake in First Trust Strategic Income ETF (NASDAQ:FDIV) by 16.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,589 shares of the company’s stock after selling 1,441 shares during the quarter. MML Investors Services LLC’s holdings in First Trust Strategic Income ETF were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FDIV. BB&T Securities LLC bought a new position in First Trust Strategic Income ETF in the second quarter worth approximately $217,000. Commonwealth Equity Services LLC raised its position in First Trust Strategic Income ETF by 16.8% in the second quarter. Commonwealth Equity Services LLC now owns 7,418 shares of the company’s stock worth $365,000 after acquiring an additional 1,066 shares during the period. Janney Montgomery Scott LLC raised its position in First Trust Strategic Income ETF by 24.7% in the third quarter. Janney Montgomery Scott LLC now owns 7,604 shares of the company’s stock worth $374,000 after acquiring an additional 1,504 shares during the period. Finally, D.A. Davidson & CO. raised its position in First Trust Strategic Income ETF by 19.8% in the second quarter. D.A. Davidson & CO. now owns 29,384 shares of the company’s stock worth $1,445,000 after acquiring an additional 4,866 shares during the period.

FDIV opened at $47.82 on Friday. First Trust Strategic Income ETF has a 1-year low of $46.10 and a 1-year high of $52.20.

The firm also recently declared a monthly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 23rd were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 21st. This represents a $2.40 annualized dividend and a yield of 5.02%.

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Institutional Ownership by Quarter for First Trust Strategic Income ETF (NASDAQ:FDIV)

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