Barrett & Company Inc. Makes New Investment in First Trust High Income Strategic Focus ETF $HISF

by · The Cerbat Gem

Barrett & Company Inc. purchased a new position in shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,566 shares of the company’s stock, valued at approximately $743,000. Barrett & Company Inc. owned about 0.76% of First Trust High Income Strategic Focus ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Arwa LLC purchased a new position in shares of First Trust High Income Strategic Focus ETF during the 3rd quarter valued at about $3,412,000. tru Independence LLC grew its holdings in First Trust High Income Strategic Focus ETF by 2.8% in the 3rd quarter. tru Independence LLC now owns 78,191 shares of the company’s stock valued at $3,306,000 after buying an additional 2,111 shares in the last quarter. Envestnet Asset Management Inc. grew its position in First Trust High Income Strategic Focus ETF by 216.5% in the second quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock worth $3,255,000 after acquiring an additional 50,238 shares during the period. Ameritas Advisory Services LLC acquired a new stake in First Trust High Income Strategic Focus ETF in the 2nd quarter valued at approximately $1,186,000. Finally, Royal Bank of Canada lifted its holdings in First Trust High Income Strategic Focus ETF by 72.1% during 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 currently owned by hedge funds and other institutional investors.

First Trust High Income Strategic Focus ETF Trading Down 0.0%

Shares of NASDAQ:HISF opened at $42.76 on Friday. First Trust High Income Strategic Focus ETF has a 52 week low of $42.15 and a 52 week high of $45.58. The company has a market cap of $98.35 million, a PE ratio of 0.06 and a beta of 0.27. The company’s 50 day moving average is $43.14 and its two-hundred day moving average is $43.90.

First Trust High Income Strategic Focus ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.1840 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.21 annualized dividend and a yield of 5.2%.

First Trust High Income Strategic Focus ETF Company Profile

(Free Report)

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.

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