Truist Financial Corp Cuts Stake in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF)

Truist Financial Corp lowered its stake in shares of First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) by 17.9% in the fourth quarter, Holdings Channel reports. The firm owned 10,244 shares of the company’s stock after selling 2,240 shares during the period. Truist Financial Corp’s holdings in First Trust Low Duration Strategic Focus ETF were worth $193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF during the fourth quarter worth about $451,000. Raymond James & Associates grew its stake in First Trust Low Duration Strategic Focus ETF by 104.2% during the 4th quarter. Raymond James & Associates now owns 40,175 shares of the company’s stock valued at $757,000 after acquiring an additional 20,504 shares in the last quarter. Mutual Advisors LLC grew its stake in First Trust Low Duration Strategic Focus ETF by 0.3% during the 4th quarter. Mutual Advisors LLC now owns 228,364 shares of the company’s stock valued at $4,304,000 after acquiring an additional 759 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in First Trust Low Duration Strategic Focus ETF by 6.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 13,827 shares of the company’s stock valued at $261,000 after acquiring an additional 839 shares in the last quarter. Finally, Capital Asset Advisory Services LLC grew its stake in First Trust Low Duration Strategic Focus ETF by 1.9% during the 4th quarter. Capital Asset Advisory Services LLC now owns 353,936 shares of the company’s stock valued at $6,670,000 after acquiring an additional 6,722 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Down 0.2 %

Shares of NASDAQ LDSF opened at $18.63 on Thursday. First Trust Low Duration Strategic Focus ETF has a 12-month low of $17.70 and a 12-month high of $19.14. The company has a 50-day moving average of $18.65 and a 200 day moving average of $18.69.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.0655 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.79 annualized dividend and a yield of 4.22%.

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.