Raymond James Financial Services Advisors Inc. Lowers Stock Position in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF)

Raymond James Financial Services Advisors Inc. reduced its stake in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF – Get Rating) by 21.0% during the fourth quarter, HoldingsChannel reports. The firm owned 189,153 shares of the company’s stock after selling 50,289 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in First Trust Low Duration Strategic Focus ETF were worth $3,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LDSF. Raymond James & Associates raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 209.6% during the first quarter. Raymond James & Associates now owns 64,975 shares of the company’s stock worth $1,261,000 after acquiring an additional 43,987 shares in the last quarter. UBS Group AG bought a new position in shares of First Trust Low Duration Strategic Focus ETF in the first quarter worth approximately $29,000. Atria Wealth Solutions Inc. bought a new stake in First Trust Low Duration Strategic Focus ETF in the first quarter valued at $218,000. Jane Street Group LLC boosted its holdings in First Trust Low Duration Strategic Focus ETF by 90.8% in the first quarter. Jane Street Group LLC now owns 88,249 shares of the company’s stock valued at $1,713,000 after acquiring an additional 41,996 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in First Trust Low Duration Strategic Focus ETF in the second quarter valued at $692,000.

First Trust Low Duration Strategic Focus ETF Trading Down 0.2 %

NASDAQ:LDSF opened at $18.58 on Monday. The firm’s fifty day simple moving average is $18.66 and its 200 day simple moving average is $18.61. First Trust Low Duration Strategic Focus ETF has a twelve month low of $18.12 and a twelve month high of $19.15.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 28th. Investors of record on Monday, April 24th were issued a $0.063 dividend. The ex-dividend date was Friday, April 21st. This represents a $0.76 annualized dividend and a yield of 4.07%. This is a boost from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.06.

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.