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

During the third quarter of 2024, Private Trust Co. NA significantly reduced its investment in the First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF). The company disclosed a 21.7% decrease in its stake, bringing the total number of shares owned to 3,540 after selling 980 shares during this period.

At the end of the recent quarter, Private Trust Co. NA’s holdings represented approximately 0.05% of the ETF, valued at around $68,000.

Other Institutional Investors Involved

Following the trend, several other institutional investors have made adjustments to their investments in the First Trust Low Duration Strategic Focus ETF. For instance, EdgeRock Capital LLC entered a new position during the second quarter, acquiring shares worth $36,000. Meanwhile, Creative Financial Designs Inc. ADV increased its holdings by 12.5% in the third quarter, raising their total to 16,666 shares, valued at $319,000 after acquiring an additional 1,858 shares.

Cetera Advisors LLC also purchased a new stake in the ETF in the first quarter, invested roughly $330,000. Proactive Wealth Strategies LLC made a substantial new investment in the third quarter, valued at around $779,000. Furthermore, Raymond James & Associates raised its position by 5.0% in the second quarter, adding 3,314 shares and now holding 69,891 shares valued at approximately $1,306,000.

First Trust Low Duration Strategic Focus ETF Stock Details

The shares of the First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) opened at $18.94 recently. The ETF's 50-day moving average is noted at $18.96, while the 200-day moving average stands at $18.90. In the past year, the ETF has recorded a low of $17.70 and a high of $19.26.

Recent Dividend Announcement

In addition, First Trust Low Duration Strategic Focus ETF recently announced a monthly dividend. This dividend was paid out on November 29, 2024, to shareholders recorded as of November 21, 2024. The amount distributed was $0.072 per share, resulting in an annualized dividend of $0.86, equating to a yield of 4.56%.

About First Trust Low Duration Strategic Focus ETF

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

Trust, Investment, ETF