Axxcess Wealth Management LLC Increases Stock Position in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF)

Axxcess Wealth Management LLC grew its stake in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,458 shares of the company’s stock after buying an additional 5,888 shares during the period. Axxcess Wealth Management LLC’s holdings in First Trust Low Duration Strategic Focus ETF were worth $5,391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EdgeRock Capital LLC bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the 2nd quarter valued at about $36,000. Tidemark LLC purchased a new stake in First Trust Low Duration Strategic Focus ETF in the fourth quarter worth approximately $200,000. Cetera Advisors LLC bought a new position in First Trust Low Duration Strategic Focus ETF during the first quarter valued at approximately $330,000. International Assets Investment Management LLC bought a new position in First Trust Low Duration Strategic Focus ETF during the fourth quarter valued at approximately $451,000. Finally, Raymond James & Associates raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 5.0% during the second quarter. Raymond James & Associates now owns 69,891 shares of the company’s stock worth $1,306,000 after acquiring an additional 3,314 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Performance

Shares of LDSF opened at $19.20 on Wednesday. First Trust Low Duration Strategic Focus ETF has a fifty-two week low of $17.70 and a fifty-two week high of $19.20. The firm has a 50 day moving average price of $18.98 and a 200-day moving average price of $18.79.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a $0.075 dividend. This represents a $0.90 annualized dividend and a yield of 4.69%. The ex-dividend date was Wednesday, August 21st.

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.