First Trust Low Duration Strategic Focus ETF (LDSF) to Issue Monthly Dividend of $0.07 on May 29th

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) declared a monthly dividend on Wednesday, May 20th, NASDAQ Dividends reports. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.074 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Thursday, May 21st.

First Trust Low Duration Strategic Focus ETF Trading Down 0.3%

NASDAQ:LDSF opened at $18.87 on Friday. The firm’s fifty day simple moving average is $18.97 and its 200 day simple moving average is $19.09. First Trust Low Duration Strategic Focus ETF has a twelve month low of $18.73 and a twelve month high of $19.59.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Several large investors have recently added to or reduced their stakes in LDSF. Arax Advisory Partners bought a new stake in First Trust Low Duration Strategic Focus ETF in the fourth quarter valued at $10,352,000. Royal Bank of Canada boosted 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 valued at $31,305,000 after acquiring an additional 360,432 shares in the last quarter. LPL Financial LLC boosted its holdings in 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 acquiring an additional 285,201 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in First Trust Low Duration Strategic Focus ETF by 81.0% in the second quarter. Raymond James Financial Inc. now owns 301,420 shares of the company’s stock valued at $5,727,000 after acquiring an additional 134,901 shares in the last quarter. Finally, StoneX Group Inc. bought a new stake in First Trust Low Duration Strategic Focus ETF in the fourth quarter valued at $1,500,000.

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.