Sowell Financial Services LLC Takes Position in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF)

Sowell Financial Services LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 136,578 shares of the company’s stock, valued at approximately $2,564,000. Sowell Financial Services LLC owned about 2.02% of First Trust Low Duration Strategic Focus ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the third quarter valued at about $146,000. Ameritas Advisory Services LLC bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the fourth quarter valued at about $480,000. Proactive Wealth Strategies LLC bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the third quarter valued at about $779,000. Raymond James Financial Inc. bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the fourth quarter valued at about $2,729,000. Finally, Sanctuary Advisors LLC lifted its position in shares of First Trust Low Duration Strategic Focus ETF by 41.1% during the third quarter. Sanctuary Advisors LLC now owns 152,900 shares of the company’s stock valued at $2,877,000 after purchasing an additional 44,572 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Price Performance

LDSF opened at $18.89 on Monday. The company’s 50-day moving average is $18.81 and its 200 day moving average is $18.92. First Trust Low Duration Strategic Focus ETF has a fifty-two week low of $17.70 and a fifty-two week high of $19.26.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.072 dividend. This represents a $0.86 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, February 21st.

First Trust Low Duration Strategic Focus ETF 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.