First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Shares Down 0.2%

Shares of First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF – Get Rating) were down 0.2% on Wednesday . The company traded as low as $18.49 and last traded at $18.49. Approximately 36,216 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 68,205 shares. The stock had previously closed at $18.53.

First Trust Low Duration Strategic Focus ETF Stock Up 0.2 %

The business has a fifty day moving average price of $18.64 and a two-hundred day moving average price of $18.60.

First Trust Low Duration Strategic Focus ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 24th will be issued a $0.0625 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Tuesday, May 23rd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in First Trust Low Duration Strategic Focus ETF by 848.1% during the first quarter. JPMorgan Chase & Co. now owns 8,561 shares of the company’s stock worth $159,000 after acquiring an additional 7,658 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in First Trust Low Duration Strategic Focus ETF by 1,540.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 51,277 shares of the company’s stock worth $955,000 after acquiring an additional 48,151 shares during the period. Synergy Asset Management LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF during the first quarter worth about $773,000. Cornerstone Wealth Management LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF during the first quarter worth about $359,000. Finally, Prospera Financial Services Inc acquired a new stake in First Trust Low Duration Strategic Focus ETF during the first quarter worth about $284,000.

About First Trust Low Duration Strategic Focus ETF

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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.