Private Trust Co. NA Reduces Investment in First Trust Low Duration Strategic Focus ETF

Private Trust Co. NA has recently lowered its investment in the First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF – Free Report) by 21.7% during the third quarter. According to a recent filing with the Securities & Exchange Commission, the firm now holds 3,540 shares of the ETF after selling 980 shares during this period. At the end of the last quarter, Private Trust Co. NA's stake was approximately 0.05% of the ETF, valued at around $68,000.

Other institutional investors have been active in the First Trust Low Duration Strategic Focus ETF as well. EdgeRock Capital LLC entered into the ETF by acquiring a new position worth $36,000 in the second quarter. Meanwhile, Creative Financial Designs Inc. ADV increased its holdings by 12.5% during the third quarter, acquiring an additional 1,858 shares to possess a total of 16,666 shares, valued at approximately $319,000.

Additionally, Cetera Advisors LLC also bought a new stake worth about $330,000 in the first quarter. Proactive Wealth Strategies LLC entered the ETF in the third quarter, making a significant investment valued at around $779,000. Finally, Raymond James & Associates increased their position by 5.0% in the second quarter, holding 69,891 shares worth about $1,306,000 after purchasing 3,314 additional shares during that period.

First Trust Low Duration Strategic Focus ETF Stock Overview

On Friday, shares of the First Trust Low Duration Strategic Focus ETF opened at $18.94. The ETF's 50-day moving average price is currently $18.96, while the 200-day moving average price stands at $18.90. Over the past year, the ETF reached a low of $17.70 and a high of $19.26.

Dividend Announcement for First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF also announced a recent monthly dividend. This was paid out on Friday, November 29th. Shareholders recorded as of Thursday, November 21st received a dividend of $0.072 per share. The ex-dividend date was also set for November 21st. This equates to an annualized dividend of $0.86, reflecting a yield of 4.56%.

Company Profile of First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that primarily invests in a variety of broad credit fixed income securities. It operates as an actively managed fund-of-funds, consisting mainly of short-term fixed income securities primarily from United States issuers. The ETF was launched on January 3, 2019, and is managed by First Trust.

ETF, Investment, Stocks