Raymond James Financial Inc. Invests $2.73 Million in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF)

Raymond James Financial Inc. acquired a new stake in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 145,406 shares of the company’s stock, valued at approximately $2,729,000.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of First Trust Low Duration Strategic Focus ETF by 3.4% in the fourth quarter. LPL Financial LLC now owns 545,675 shares of the company’s stock valued at $10,242,000 after purchasing an additional 18,003 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in First Trust Low Duration Strategic Focus ETF by 8.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 18,039 shares of the company’s stock valued at $339,000 after buying an additional 1,373 shares during the last quarter. Altus Wealth Group LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF during the 4th quarter valued at $238,000. Sowell Financial Services LLC acquired a new position in shares of First Trust Low Duration Strategic Focus ETF in the fourth quarter worth $2,564,000. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the fourth quarter valued at $12,070,000.

First Trust Low Duration Strategic Focus ETF Trading Up 0.1 %

First Trust Low Duration Strategic Focus ETF stock opened at $18.84 on Tuesday. The stock has a 50-day moving average price of $18.83 and a 200 day moving average price of $18.84. First Trust Low Duration Strategic Focus ETF has a 52 week low of $18.50 and a 52 week high of $19.26.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.072 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.59%.

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.