First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Trading Down 0.1% – What’s Next?

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) shares were down 0.1% during mid-day trading on Friday . The company traded as low as $18.69 and last traded at $18.70. Approximately 4,120 shares were traded during mid-day trading, a decline of 86% from the average session volume of 28,752 shares. The stock had previously closed at $18.71.

First Trust Low Duration Strategic Focus ETF Trading Down 0.1%

The firm’s fifty day moving average price is $18.84 and its 200-day moving average price is $18.93.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.075 per share. This is a boost from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, August 21st.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Hedge funds have recently made changes to their positions in the business. Arax Advisory Partners bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the 4th quarter worth approximately $10,352,000. Royal Bank of Canada grew its holdings in First Trust Low Duration Strategic Focus ETF by 27.9% during the 1st quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after acquiring an additional 360,432 shares during the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 25.5% in the fourth quarter. LPL Financial LLC now owns 1,404,096 shares of the company’s stock valued at $26,896,000 after purchasing an additional 285,201 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Low Duration Strategic Focus ETF by 81.0% in the 2nd quarter. Raymond James Financial Inc. now owns 301,420 shares of the company’s stock valued at $5,727,000 after buying an additional 134,901 shares during the period. Finally, StoneX Group Inc. bought a new stake in First Trust Low Duration Strategic Focus ETF during the 4th quarter worth about $1,500,000.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.