First Trust High Income Strategic Focus ETF (NASDAQ:HISF) to Issue Monthly Dividend of $0.18

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.184 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 1.1% increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.18.

First Trust High Income Strategic Focus ETF Stock Performance

Shares of HISF traded down $0.65 during mid-day trading on Thursday, hitting $42.71. 1,096 shares of the company traded hands, compared to its average volume of 9,830. The stock has a market cap of $98.23 million, a price-to-earnings ratio of 0.06 and a beta of 0.27. The stock has a 50-day moving average price of $43.76 and a two-hundred day moving average price of $44.20. First Trust High Income Strategic Focus ETF has a 1 year low of $42.75 and a 1 year high of $45.61.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

Institutional investors have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc boosted its position in shares of First Trust High Income Strategic Focus ETF by 5.4% during the 4th quarter. Prospera Financial Services Inc now owns 26,740 shares of the company’s stock worth $1,210,000 after purchasing an additional 1,380 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF during the second quarter valued at about $1,186,000. Cetera Investment Advisers raised its holdings in shares of First Trust High Income Strategic Focus ETF by 11.8% in the 1st quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock worth $1,941,000 after acquiring an additional 4,618 shares during the last quarter. Royal Bank of Canada lifted its position in First Trust High Income Strategic Focus ETF by 72.1% in the 1st quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after acquiring an additional 26,452 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in First Trust High Income Strategic Focus ETF by 216.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after purchasing an additional 50,238 shares during the last quarter. 51.36% of the stock is owned by hedge funds and other institutional investors.

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.