Royal Bank of Canada Grows Stake in First Trust High Income Strategic Focus ETF $HISF

Royal Bank of Canada increased its stake in shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF) by 72.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,120 shares of the company’s stock after purchasing an additional 26,452 shares during the period. Royal Bank of Canada owned 3.08% of First Trust High Income Strategic Focus ETF worth $2,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers boosted its holdings in First Trust High Income Strategic Focus ETF by 11.8% in the 1st quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock worth $1,941,000 after buying an additional 4,618 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of First Trust High Income Strategic Focus ETF by 59.2% during the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock valued at $31,118,000 after acquiring an additional 261,046 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of First Trust High Income Strategic Focus ETF by 18.3% during the fourth quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock valued at $146,000 after acquiring an additional 500 shares during the last quarter. Arax Advisory Partners purchased a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at approximately $190,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at approximately $75,000. 51.36% of the stock is owned by hedge funds and other institutional investors.

First Trust High Income Strategic Focus ETF Price Performance

Shares of NASDAQ:HISF opened at $43.97 on Monday. First Trust High Income Strategic Focus ETF has a 1 year low of $43.68 and a 1 year high of $45.61. The firm has a market capitalization of $98.93 million, a PE ratio of 0.06 and a beta of 0.27. The business’s 50 day moving average price is $44.15 and its 200-day moving average price is $44.53.

First Trust High Income Strategic Focus ETF Announces Dividend

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

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.