First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Plans Dividend Increase – $0.19 Per Share

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) announced a monthly dividend on Thursday, February 19th. Investors of record on Friday, February 20th will be given a dividend of 0.193 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, February 20th. This is a 2.9% increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.19.

First Trust High Income Strategic Focus ETF Stock Performance

HISF traded down $0.17 on Friday, hitting $45.33. 380 shares of the company were exchanged, compared to its average volume of 18,356. First Trust High Income Strategic Focus ETF has a fifty-two week low of $43.22 and a fifty-two week high of $45.61. The firm has a market capitalization of $86.13 million, a P/E ratio of 0.06 and a beta of 0.31. The business’s fifty day moving average is $45.25 and its 200 day moving average is $45.20.

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

Several hedge funds have recently bought and sold shares of HISF. Geneos Wealth Management Inc. raised its holdings in First Trust High Income Strategic Focus ETF by 57.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 440,757 shares of the company’s stock worth $19,944,000 after purchasing an additional 160,837 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust High Income Strategic Focus ETF by 30.6% in the fourth quarter. LPL Financial LLC now owns 209,368 shares of the company’s stock valued at $9,473,000 after purchasing an additional 49,082 shares during the last quarter. Commonwealth Equity Services LLC increased its position 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 valued at $5,861,000 after buying an additional 35,807 shares in the last quarter. tru Independence LLC increased its position in shares of First Trust High Income Strategic Focus ETF by 9.1% in the fourth quarter. tru Independence LLC now owns 65,472 shares of the company’s stock valued at $2,962,000 after buying an additional 5,449 shares in the last quarter. Finally, Betterment LLC raised its stake in shares of First Trust High Income Strategic Focus ETF by 14.9% during the 4th quarter. Betterment LLC now owns 48,680 shares of the company’s stock worth $2,203,000 after buying an additional 6,306 shares during the last quarter. 51.36% of the stock is owned by hedge funds and other institutional investors.

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.