Axxcess Wealth Management LLC Has $5.60 Million Stake in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF)

Axxcess Wealth Management LLC reduced its stake in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 298,564 shares of the company’s stock after selling 1,249 shares during the quarter. Axxcess Wealth Management LLC owned approximately 4.42% of First Trust Low Duration Strategic Focus ETF worth $5,604,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF in the fourth quarter worth $12,070,000. Raymond James Financial Inc. bought a new position in First Trust Low Duration Strategic Focus ETF in the 4th quarter worth $2,729,000. Mutual Advisors LLC lifted its position in First Trust Low Duration Strategic Focus ETF by 342.9% during the 4th quarter. Mutual Advisors LLC now owns 178,173 shares of the company’s stock worth $3,351,000 after acquiring an additional 137,946 shares during the last quarter. Sowell Financial Services LLC bought a new stake in First Trust Low Duration Strategic Focus ETF during the fourth quarter valued at about $2,564,000. Finally, Sanctuary Advisors LLC grew its position in shares of First Trust Low Duration Strategic Focus ETF by 41.1% in the third quarter. Sanctuary Advisors LLC now owns 152,900 shares of the company’s stock valued at $2,877,000 after purchasing an additional 44,572 shares during the last quarter.

First Trust Low Duration Strategic Focus ETF Price Performance

NASDAQ LDSF opened at $18.88 on Wednesday. The stock has a 50-day simple moving average of $18.83 and a 200 day simple moving average of $18.91. First Trust Low Duration Strategic Focus ETF has a twelve month low of $17.70 and a twelve month high of $19.26.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.072 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.58%.

First Trust Low Duration Strategic Focus ETF Company Profile

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.