First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Up 0.2% – Time to Buy?

First Trust High Income Strategic Focus ETF (NASDAQ:HISF)’s share price rose 0.2% on Tuesday . The company traded as high as $43.95 and last traded at $43.95. Approximately 1,362 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 10,120 shares. The stock had previously closed at $43.88.

First Trust High Income Strategic Focus ETF Price Performance

The firm’s fifty day moving average price is $44.17 and its 200-day moving average price is $44.56. The company has a market capitalization of $98.89 million, a price-to-earnings ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a dividend of $0.186 per share. The ex-dividend date was Tuesday, July 21st.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

Several large investors have recently bought and sold shares of HISF. Royal Bank of Canada boosted its stake in shares of First Trust High Income Strategic Focus ETF by 8.0% during the first quarter. Royal Bank of Canada now owns 40,248 shares of the company’s stock valued at $1,781,000 after purchasing an additional 2,996 shares in the last quarter. Betterment LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the third quarter valued at approximately $1,914,000. Raymond James Financial Inc. raised its holdings in First Trust High Income Strategic Focus ETF by 47.2% in the 3rd 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. Citadel Advisors LLC acquired a new stake in First Trust High Income Strategic Focus ETF during the 3rd quarter worth approximately $498,000. Finally, Flow Traders U.S. LLC acquired a new stake in First Trust High Income Strategic Focus ETF during the 3rd quarter worth approximately $550,000. 51.36% of the stock is currently owned by institutional investors.

First Trust High Income Strategic Focus ETF Company 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.