Barrett & Company Inc. Acquires New Stake in First Trust Low Duration Strategic Focus ETF $LDSF

Barrett & Company Inc. bought a new stake in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,969 shares of the company’s stock, valued at approximately $773,000. Barrett & Company Inc. owned about 0.49% of First Trust Low Duration Strategic Focus ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in First Trust Low Duration Strategic Focus ETF by 27.9% in the first quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after buying an additional 360,432 shares during the period. Sanctuary Advisors LLC grew its position in shares of First Trust Low Duration Strategic Focus ETF by 38.8% during the 1st quarter. Sanctuary Advisors LLC now owns 232,698 shares of the company’s stock valued at $4,403,000 after acquiring an additional 65,050 shares during the period. Envestnet Asset Management Inc. raised its stake in First Trust Low Duration Strategic Focus ETF by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,559 shares of the company’s stock worth $1,768,000 after acquiring an additional 568 shares during the period. D.A. Davidson & CO. lifted its stake in shares of First Trust Low Duration Strategic Focus ETF by 4.7% during the 1st quarter. D.A. Davidson & CO. now owns 85,556 shares of the company’s stock valued at $1,619,000 after buying an additional 3,837 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in First Trust Low Duration Strategic Focus ETF in the 2nd quarter worth $786,000.

First Trust Low Duration Strategic Focus ETF Trading Up 0.2%

First Trust Low Duration Strategic Focus ETF stock opened at $18.52 on Friday. First Trust Low Duration Strategic Focus ETF has a 1 year low of $18.37 and a 1 year high of $19.59. The firm’s 50 day moving average price is $18.64 and its 200-day moving average price is $18.82.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be issued a $0.0760 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, October 21st. This is a positive change from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.0750.

About First Trust Low Duration Strategic Focus ETF

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.