First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Declares Dividend of $0.07

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) announced a dividend on Monday, April 20th, NASDAQ Dividends reports. Investors of record on Tuesday, April 21st will be given a dividend of 0.074 per share on Thursday, April 30th. The ex-dividend date of this dividend is Tuesday, April 21st.

First Trust Low Duration Strategic Focus ETF Stock Down 0.4%

NASDAQ:LDSF traded down $0.08 during mid-day trading on Tuesday, hitting $19.02. 3,358 shares of the company’s stock were exchanged, compared to its average volume of 33,724. The company has a 50 day simple moving average of $19.05 and a 200-day simple moving average of $19.12. First Trust Low Duration Strategic Focus ETF has a fifty-two week low of $18.69 and a fifty-two week high of $19.59.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

Several hedge funds have recently added to or reduced their stakes in the business. Arax Advisory Partners bought a new position in First Trust Low Duration Strategic Focus ETF during the 4th quarter worth approximately $10,352,000. LPL Financial LLC raised its holdings in First Trust Low Duration Strategic Focus ETF by 25.5% during the 4th quarter. LPL Financial LLC now owns 1,404,096 shares of the company’s stock worth $26,896,000 after purchasing an additional 285,201 shares during the last quarter. Royal Bank of Canada raised its holdings in First Trust Low Duration Strategic Focus ETF by 24.0% during the 4th quarter. Royal Bank of Canada now owns 1,294,143 shares of the company’s stock worth $24,790,000 after purchasing an additional 250,576 shares during the last quarter. Raymond James Financial Inc. raised its holdings in First Trust Low Duration Strategic Focus ETF by 81.0% during the 2nd quarter. Raymond James Financial Inc. now owns 301,420 shares of the company’s stock worth $5,727,000 after purchasing an additional 134,901 shares during the last quarter. Finally, Silver Oak Securities Incorporated bought a new position in First Trust Low Duration Strategic Focus ETF during the 3rd quarter worth approximately $1,699,000.

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.