First Trust High Income Strategic Focus ETF (HISF) to Issue Dividend of $0.17 on May 30th

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) announced a dividend on Tuesday, May 20th, NASDAQ Dividends reports. Stockholders of record on Wednesday, May 21st will be paid a dividend of 0.172 per share on Friday, May 30th. The ex-dividend date of this dividend is Wednesday, May 21st.

First Trust High Income Strategic Focus ETF Price Performance

Shares of HISF opened at $43.66 on Thursday. The company has a 50-day moving average of $44.04 and a two-hundred day moving average of $44.09. The stock has a market cap of $45.84 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a one year low of $43.22 and a one year high of $45.96.

Institutional Trading of First Trust High Income Strategic Focus ETF

An institutional investor recently raised its position in First Trust High Income Strategic Focus ETF stock. Royal Bank of Canada increased its holdings in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,248 shares of the company’s stock after acquiring an additional 2,996 shares during the period. Royal Bank of Canada owned about 3.83% of First Trust High Income Strategic Focus ETF worth $1,781,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 51.36% of the company’s stock.

About First Trust High Income Strategic Focus ETF

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.