Royal Bank of Canada Acquires 360,432 Shares of First Trust Low Duration Strategic Focus ETF $LDSF

Royal Bank of Canada raised its holdings in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) by 27.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,654,575 shares of the company’s stock after purchasing an additional 360,432 shares during the quarter. Royal Bank of Canada owned 0.20% of First Trust Low Duration Strategic Focus ETF worth $31,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. TD Capital Management LLC boosted its stake in shares of First Trust Low Duration Strategic Focus ETF by 100.2% during the 4th quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock worth $40,000 after acquiring an additional 1,050 shares during the period. International Assets Investment Management LLC bought a new stake in First Trust Low Duration Strategic Focus ETF in the 4th quarter valued at $101,000. CWM LLC lifted its holdings in First Trust Low Duration Strategic Focus ETF by 50.0% during the 4th quarter. CWM LLC now owns 7,921 shares of the company’s stock valued at $152,000 after purchasing an additional 2,641 shares during the last quarter. Crusonia Wealth Advisors LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF during the 4th quarter valued at $208,000. Finally, Kovack Advisors Inc. bought a new position in First Trust Low Duration Strategic Focus ETF during the fourth quarter worth $272,000.

First Trust Low Duration Strategic Focus ETF Stock Up 0.1%

LDSF stock opened at $18.83 on Tuesday. First Trust Low Duration Strategic Focus ETF has a one year low of $18.75 and a one year high of $19.59. The company has a fifty day moving average price of $18.89 and a two-hundred day moving average price of $19.00.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were paid a dividend of $0.074 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Tuesday, July 21st.

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.