First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Increases Dividend to $0.07 Per Share

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) declared a monthly dividend on Thursday, August 20th, NASDAQ Dividends reports. Investors of record on Friday, August 21st will be paid a dividend of 0.075 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, August 21st. This is a 1.4% increase from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07.

First Trust Low Duration Strategic Focus ETF Trading Down 0.3%

LDSF stock traded down $0.06 during trading hours on Friday, hitting $18.84. 13,009 shares of the stock traded hands, compared to its average volume of 29,412. The stock has a 50-day simple moving average of $18.88 and a 200 day simple moving average of $18.97. First Trust Low Duration Strategic Focus ETF has a one year low of $18.75 and a one year high of $19.59.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Several large investors have recently made changes to their positions in LDSF. Western Wealth Management LLC acquired a new position in shares of First Trust Low Duration Strategic Focus ETF in the 1st quarter worth approximately $119,000. Royal Bank of Canada raised its holdings in shares of First Trust Low Duration Strategic Focus ETF by 27.9% in the 1st quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after purchasing an additional 360,432 shares in the last quarter. D.A. Davidson & CO. lifted its stake in First Trust Low Duration Strategic Focus ETF by 4.7% during the first quarter. D.A. Davidson & CO. now owns 85,556 shares of the company’s stock valued at $1,619,000 after purchasing an additional 3,837 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in First Trust Low Duration Strategic Focus ETF by 38.8% during the first quarter. Sanctuary Advisors LLC now owns 232,698 shares of the company’s stock valued at $4,403,000 after purchasing an additional 65,050 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in First Trust Low Duration Strategic Focus ETF by 8.1% during the first quarter. Private Advisor Group LLC now owns 38,715 shares of the company’s stock worth $732,000 after buying an additional 2,886 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Company Profile

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.