Axxcess Wealth Management LLC Buys 5,888 Shares of First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF)

Axxcess Wealth Management LLC grew its stake in shares of First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) by 2.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 288,458 shares of the company’s stock after acquiring an additional 5,888 shares during the period. Axxcess Wealth Management LLC owned about 3.37% of First Trust Low Duration Strategic Focus ETF worth $5,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LDSF. Commonwealth Equity Services LLC grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock worth $1,509,000 after acquiring an additional 3,292 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Low Duration Strategic Focus ETF by 311.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 137,438 shares of the company’s stock valued at $2,569,000 after purchasing an additional 104,028 shares during the last quarter. EdgeRock Capital LLC bought a new position in First Trust Low Duration Strategic Focus ETF during the second quarter worth about $36,000. Cedrus LLC increased its stake in shares of First Trust Low Duration Strategic Focus ETF by 16.9% in the second quarter. Cedrus LLC now owns 446,407 shares of the company’s stock worth $8,343,000 after purchasing an additional 64,637 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of First Trust Low Duration Strategic Focus ETF by 5.0% in the second quarter. Raymond James & Associates now owns 69,891 shares of the company’s stock valued at $1,306,000 after purchasing an additional 3,314 shares during the period.

First Trust Low Duration Strategic Focus ETF Stock Performance

Shares of LDSF stock opened at $19.20 on Wednesday. The firm’s 50 day moving average is $18.98 and its 200 day moving average is $18.79. First Trust Low Duration Strategic Focus ETF has a 12 month low of $17.70 and a 12 month high of $19.20.

First Trust Low Duration Strategic Focus ETF Announces Dividend

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

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.