Geneos Wealth Management Inc. lifted its position in shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF – Free Report) by 59.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 701,803 shares of the company’s stock after purchasing an additional 261,046 shares during the period. First Trust High Income Strategic Focus ETF comprises 0.7% of Geneos Wealth Management Inc.’s portfolio, making the stock its 24th largest position. Geneos Wealth Management Inc. owned 0.34% of First Trust High Income Strategic Focus ETF worth $31,118,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in HISF. Royal Bank of Canada grew its holdings in First Trust High Income Strategic Focus ETF by 8.0% during the 1st 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 First Trust High Income Strategic Focus ETF in the 3rd quarter worth $1,914,000. Raymond James Financial Inc. lifted 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 worth $1,046,000 after buying an additional 7,432 shares in the last quarter. Citadel Advisors LLC purchased a new position in First Trust High Income Strategic Focus ETF in the 3rd quarter valued at about $498,000. Finally, Flow Traders U.S. LLC purchased a new position in First Trust High Income Strategic Focus ETF in the 3rd quarter valued at about $550,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.
First Trust High Income Strategic Focus ETF Price Performance
Shares of First Trust High Income Strategic Focus ETF stock opened at $44.22 on Thursday. The business has a 50-day moving average of $44.33 and a 200-day moving average of $44.74. The company has a market capitalization of $99.50 million, a PE ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a 1-year low of $43.89 and a 1-year high of $45.61.
First Trust High Income Strategic Focus ETF Cuts Dividend
First Trust High Income Strategic Focus ETF 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.
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