First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $18.56 and traded as low as $18.52. First Trust Low Duration Strategic Focus ETF shares last traded at $18.52, with a volume of 459,124 shares traded.

First Trust Low Duration Strategic Focus ETF Trading Down 0.3%

The stock has a fifty day moving average of $18.56 and a two-hundred day moving average of $18.87.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were issued a dividend of $0.0760 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $0.91 annualized dividend and a dividend yield of 4.9%. This is an increase from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.0750.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 3rd quarter valued at about $537,000. TD Capital Management LLC purchased a new stake in First Trust Low Duration Strategic Focus ETF during the 3rd quarter valued at about $53,000. Silver Oak Securities Incorporated purchased a new stake in First Trust Low Duration Strategic Focus ETF during the 3rd quarter valued at about $1,516,000. Harbour Investments Inc. bought a new position in First Trust Low Duration Strategic Focus ETF during the 3rd quarter worth approximately $132,000. Finally, MSH Capital Advisors LLC bought a new position in First Trust Low Duration Strategic Focus ETF during the 3rd quarter worth approximately $309,000.

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.