Raymond James Financial Inc. Takes $685,000 Position in First Trust High Income Strategic Focus ETF (NASDAQ:HISF)

Raymond James Financial Inc. purchased a new position in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) in the fourth quarter, HoldingsChannel reports. The fund purchased 15,646 shares of the company’s stock, valued at approximately $685,000.

Several other institutional investors have also recently added to or reduced their stakes in HISF. tru Independence LLC lifted its holdings in First Trust High Income Strategic Focus ETF by 7.9% during the 4th quarter. tru Independence LLC now owns 56,646 shares of the company’s stock worth $2,480,000 after buying an additional 4,131 shares during the last quarter. Synergy Asset Management LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF in the 4th quarter valued at approximately $59,000. Finally, SRS Capital Advisors Inc. acquired a new stake in shares of First Trust High Income Strategic Focus ETF during the 4th quarter valued at approximately $241,000. 51.36% of the stock is owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Price Performance

Shares of HISF opened at $44.26 on Monday. First Trust High Income Strategic Focus ETF has a 12-month low of $42.95 and a 12-month high of $45.96. The business’s fifty day moving average price is $44.23 and its 200 day moving average price is $44.35. The stock has a market capitalization of $46.47 million, a PE ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.172 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust High Income Strategic Focus ETF 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.