17,566 Shares in First Trust High Income Strategic Focus ETF $HISF Bought by Barrett & Company Inc.

Barrett & Company Inc. acquired a new position in shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF) in the third quarter, HoldingsChannel reports. The firm acquired 17,566 shares of the company’s stock, valued at approximately $743,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Arwa LLC purchased a new position in First Trust High Income Strategic Focus ETF during the third quarter worth approximately $3,412,000. tru Independence LLC boosted its holdings in First Trust High Income Strategic Focus ETF by 2.8% in the third quarter. tru Independence LLC now owns 78,191 shares of the company’s stock worth $3,306,000 after purchasing an additional 2,111 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust High Income Strategic Focus ETF by 216.5% during the second quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after acquiring an additional 50,238 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF during the second quarter valued at approximately $1,186,000. Finally, Royal Bank of Canada raised its stake in shares of 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 worth $2,799,000 after buying an additional 26,452 shares in the last quarter. 51.36% of the stock is owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Stock Down 0.0%

Shares of NASDAQ HISF opened at $42.76 on Friday. The stock’s fifty day simple moving average is $43.14 and its 200 day simple moving average is $43.90. The stock has a market capitalization of $98.35 million, a price-to-earnings ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a 52-week low of $42.15 and a 52-week high of $45.58.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be paid a $0.1840 dividend. This represents a $2.21 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, October 21st.

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.