Geneos Wealth Management Inc. Boosts Position in First Trust High Income Strategic Focus ETF $HISF

Geneos Wealth Management Inc. raised its holdings in shares of First Trust High Income Strategic Focus ETF (NASDAQ:HISF) by 59.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 701,803 shares of the company’s stock after buying an additional 261,046 shares during the period. First Trust High Income Strategic Focus ETF comprises 0.7% of Geneos Wealth Management Inc.’s investment portfolio, making the stock its 24th largest position. Geneos Wealth Management Inc. owned 34.23% of First Trust High Income Strategic Focus ETF worth $31,118,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth $68,000. Kestra Advisory Services LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF during the 4th quarter valued at $75,000. Osaic Holdings Inc. lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 18.3% during the 4th quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock valued at $146,000 after acquiring an additional 500 shares in the last quarter. Arax Advisory Partners purchased a new stake in First Trust High Income Strategic Focus ETF during the 4th quarter worth $190,000. Finally, Citadel Advisors LLC purchased a new stake in First Trust High Income Strategic Focus ETF during the 3rd quarter worth $498,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

First Trust High Income Strategic Focus ETF Trading Up 0.2%

Shares of NASDAQ HISF opened at $44.22 on Thursday. The stock has a fifty day moving average price of $44.33 and a 200 day moving average price of $44.74. First Trust High Income Strategic Focus ETF has a 12-month low of $43.89 and a 12-month high of $45.61. The company has a market cap of $99.50 million, a P/E ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.186 dividend. The ex-dividend date of this dividend was Thursday, June 25th.

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.