JPMorgan Chase & Co. Decreases Stock Holdings in First Trust High Income Strategic Focus ETF (NASDAQ:HISF)

JPMorgan Chase & Co. lowered its position in shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF) by 40.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,885 shares of the company’s stock after selling 10,626 shares during the period. JPMorgan Chase & Co.’s holdings in First Trust High Income Strategic Focus ETF were worth $722,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC bought a new position in shares of First Trust High Income Strategic Focus ETF during the third quarter valued at about $353,000. tru Independence LLC increased its holdings in First Trust High Income Strategic Focus ETF by 19.1% during the 3rd quarter. tru Independence LLC now owns 52,515 shares of the company’s stock valued at $2,388,000 after purchasing an additional 8,433 shares during the period. Finally, Proactive Wealth Strategies LLC bought a new position in First Trust High Income Strategic Focus ETF during the 3rd quarter valued at approximately $565,000. Institutional investors own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Stock Performance

NASDAQ HISF opened at $43.76 on Monday. The stock has a market cap of $43.76 million, a P/E ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a fifty-two week low of $42.95 and a fifty-two week high of $45.96. The stock has a 50 day simple moving average of $44.05 and a two-hundred day simple moving average of $44.59.

First Trust High Income Strategic Focus ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.172 dividend. This is a positive change from First Trust High Income Strategic Focus ETF’s previous dividend of $0.17. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.