First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Down 0.2% – Should You Sell?

Shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF) fell 0.2% during mid-day trading on Friday . The stock traded as low as $44.49 and last traded at $44.53. 2,790 shares were traded during mid-day trading, a decline of 82% from the average session volume of 15,502 shares. The stock had previously closed at $44.63.

First Trust High Income Strategic Focus ETF Stock Performance

The firm has a market cap of $84.61 million, a P/E ratio of 0.06 and a beta of 0.31. The business’s 50-day simple moving average is $45.23 and its 200 day simple moving average is $45.24.

First Trust High Income Strategic Focus ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a $0.193 dividend. This is an increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.19. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its position in First Trust High Income Strategic Focus ETF by 1.4% in the fourth quarter. Perigon Wealth Management LLC now owns 27,572 shares of the company’s stock worth $1,247,000 after purchasing an additional 391 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of First Trust High Income Strategic Focus ETF by 18.3% during 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. CreativeOne Wealth LLC increased its position in shares of First Trust High Income Strategic Focus ETF by 4.4% during the 4th quarter. CreativeOne Wealth LLC now owns 11,905 shares of the company’s stock valued at $539,000 after purchasing an additional 502 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of 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 worth $61,000 after purchasing an additional 853 shares during the period. Finally, Private Trust Co. NA purchased a new position in shares of First Trust High Income Strategic Focus ETF in the third quarter worth approximately $43,000. Institutional investors own 51.36% of the company’s stock.

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.