Proactive Wealth Strategies LLC Makes New Investment in First Trust High Income Strategic Focus ETF (NASDAQ:HISF)

Proactive Wealth Strategies LLC bought a new position in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 12,437 shares of the company’s stock, valued at approximately $565,000.

Other hedge funds also recently bought and sold shares of the company. Raymond James Trust N.A. acquired a new position in First Trust High Income Strategic Focus ETF in the 2nd quarter worth about $246,000. International Assets Investment Management LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF during the 2nd quarter valued at about $46,000. Cetera Investment Advisers acquired a new position in shares of First Trust High Income Strategic Focus ETF during the 1st quarter valued at about $1,574,000. CreativeOne Wealth LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF during the 1st quarter valued at about $339,000. Finally, tru Independence LLC increased its holdings in shares of First Trust High Income Strategic Focus ETF by 19.1% during the 3rd quarter. tru Independence LLC now owns 52,515 shares of the company’s stock valued at $2,388,000 after acquiring an additional 8,433 shares during the last quarter. 51.36% of the stock is owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Stock Performance

Shares of NASDAQ HISF opened at $44.47 on Tuesday. The firm has a market cap of $44.47 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. The business’s 50-day simple moving average is $45.07 and its 200-day simple moving average is $44.49. First Trust High Income Strategic Focus ETF has a 52 week low of $42.66 and a 52 week high of $45.96.

First Trust High Income Strategic Focus ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.174 per share. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date was Tuesday, October 22nd.

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.