First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Stock Price Down 0.1% – What’s Next?

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF)’s share price dropped 0.1% during trading on Friday . The stock traded as low as $18.69 and last traded at $18.70. 4,120 shares changed hands during trading, a decline of 86% from the average session volume of 28,752 shares. The stock had previously closed at $18.71.

First Trust Low Duration Strategic Focus ETF Price Performance

The stock has a 50 day moving average price of $18.84 and a two-hundred day moving average price of $18.93.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a $0.075 dividend. This is a boost from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, August 21st.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

A number of hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the second quarter worth $161,000. Citadel Advisors LLC bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the second quarter worth about $786,000. Western Wealth Management LLC bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the 1st quarter worth approximately $119,000. Royal Bank of Canada increased its stake in 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 valued at $31,305,000 after buying an additional 360,432 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of First Trust Low Duration Strategic Focus ETF by 4.7% in the first quarter. D.A. Davidson & CO. now owns 85,556 shares of the company’s stock valued at $1,619,000 after acquiring an additional 3,837 shares during 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.