First Trust High Income Strategic Focus ETF $HISF Position Raised by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its stake in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) by 57.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 440,757 shares of the company’s stock after buying an additional 160,837 shares during the quarter. Geneos Wealth Management Inc. owned 0.24% of First Trust High Income Strategic Focus ETF worth $19,944,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in HISF. Betterment LLC bought a new stake in First Trust High Income Strategic Focus ETF in the third quarter valued at $1,914,000. Flow Traders U.S. LLC bought a new stake in First Trust High Income Strategic Focus ETF in the third quarter valued at $550,000. Citadel Advisors LLC bought a new stake in First Trust High Income Strategic Focus ETF in the third quarter valued at $498,000. Raymond James Financial Inc. lifted its stake in First Trust High Income Strategic Focus ETF by 47.2% in the third quarter. Raymond James Financial Inc. now owns 23,167 shares of the company’s stock valued at $1,046,000 after buying an additional 7,432 shares during the last quarter. Finally, tru Independence LLC lifted its stake in First Trust High Income Strategic Focus ETF by 9.1% in the fourth quarter. tru Independence LLC now owns 65,472 shares of the company’s stock valued at $2,962,000 after buying an additional 5,449 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors.

First Trust High Income Strategic Focus ETF Stock Down 0.2%

Shares of NASDAQ HISF opened at $44.60 on Friday. First Trust High Income Strategic Focus ETF has a fifty-two week low of $43.62 and a fifty-two week high of $45.61. The firm’s 50-day simple moving average is $44.83 and its 200 day simple moving average is $45.11. The stock has a market cap of $91.43 million, a P/E ratio of 0.06 and a beta of 0.29.

First Trust High Income Strategic Focus ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 21st will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 21st.

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.