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First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF
HISF

32 hedge funds and large institutions have $55.7M invested in First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF in 2025 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 3 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

533% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 3

34% more capital invested

Capital invested by funds: $41.7M → $55.7M (+$14M)

7.66% more ownership

Funds ownership: 80.31% → 87.97% (+7.7%)

0% more funds holding

Funds holding: 32 → 32 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

Holders
32
Holders Change
–
Holders Change %
0%
% of All Funds
0.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
19
Reduced
3
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GWM
Geneos Wealth Management
Colorado
+$7.28M
2
LPL Financial
LPL Financial
California
+$2.22M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$1.62M
4
Citadel Advisors
Citadel Advisors
Florida
+$1.1M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$1.04M

Top Sellers

1
HighTower Advisors
HighTower Advisors
Illinois
-$364K
2
IWC
Integrated Wealth Concepts
Massachusetts
-$305K
3
AAS
Ameritas Advisory Services
Nebraska
-$197K
4
Morgan Stanley
Morgan Stanley
New York
-$170K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$86.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
GWM
1
Geneos Wealth Management
Colorado
$19.9M +$7.28M +160,837 +57%
LPL Financial
2
LPL Financial
California
$9.47M +$2.22M +49,082 +31%
Commonwealth Equity Services
3
Commonwealth Equity Services
Massachusetts
$5.86M +$1.62M +35,807 +38%
TI
4
tru Independence
Oregon
$2.96M +$247K +5,449 +9%
Betterment LLC
5
Betterment LLC
New York
$2.2M +$285K +6,306 +15%
Cetera Investment Advisers
6
Cetera Investment Advisers
Illinois
$1.77M +$53.9K +1,192 +3%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$1.66M +$215K +4,742 +15%
Citadel Advisors
8
Citadel Advisors
Florida
$1.6M +$1.1M +24,270 +220%
Cambridge Investment Research Advisors
9
Cambridge Investment Research Advisors
Iowa
$1.45M +$1.04M +23,034 +257%
PWM
10
Perigon Wealth Management
California
$1.25M +$17.7K +391 +1%
PFS
11
Prospera Financial Services
Texas
$1.21M +$62.5K +1,380 +5%
Raymond James Financial
12
Raymond James Financial
Florida
$1.11M +$57.5K +1,270 +5%
Envestnet Asset Management
13
Envestnet Asset Management
Illinois
$1.09M -$86.1K -1,902 -7%
NA
14
NewEdge Advisors
Louisiana
$932K +$1.4K +31 +0.2%
FTUS
15
Flow Traders U.S.
New York
$551K – – –
CW
16
CreativeOne Wealth
Kansas
$539K +$22.7K +502 +4%
Jane Street
17
Jane Street
New York
$509K +$509K +11,255 New
PWS
18
Proactive Wealth Strategies
Georgia
$405K +$4.93K +109 +1%
MML Investors Services
19
MML Investors Services
Massachusetts
$306K +$136 +3 +0%
AWG
20
Altus Wealth Group
Colorado
$235K -$28.6K -632 -11%
AAP
21
Arax Advisory Partners
Colorado
$190K +$191K +4,210 New
Osaic Holdings
22
Osaic Holdings
Arizona
$146K +$22.6K +500 +18%
KAS
23
Kestra Advisory Services
Texas
$75.4K +$75.4K +1,666 New
IAIM
24
International Assets Investment Management
Florida
$67.6K +$67.7K +1,495 New
AWM
25
AE Wealth Management
Kansas
$61.9K +$498 +11 +0.8%
1
2

HISF Hedge Fund Activity: Q4 2025 in Review

32 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF (HISF) for Q4 2025, worth a combined $55.7M — up 34% from $41.7M a quarter earlier.

Fund positioning in HISF was balanced in Q4 2025: 4 funds opened new positions, 4 closed out, 19 added to existing stakes and 3 trimmed.

The largest buyer was Geneos Wealth Management, adding an estimated $7.28M. The largest seller was HighTower Advisors, exiting entirely with an estimated $364K sold.

  • 32 institutional investors held First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF (HISF) as of Q4 2025, unchanged from Q3 2025.
  • Funds reported $55.7M of First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF stock for Q4 2025, up 34% quarter-over-quarter.
  • 4 funds opened new First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF positions in Q4 2025 and 4 closed out, a net change of 0 holders.
  • The largest First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF buyer in Q4 2025 was Geneos Wealth Management, an estimated $7.28M added.
  • The largest First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF seller in Q4 2025 was HighTower Advisors, an estimated $364K sold.

Based on aggregated 13F filings for Q4 2025.