First Trust Dividend Strength ETF (NASDAQ:FTDS) Declares Dividend Increase – $0.23 Per Share

First Trust Dividend Strength ETF (NASDAQ:FTDS) announced a quarterly dividend on Wednesday, September 24th. Investors of record on Thursday, September 25th will be paid a dividend of 0.2333 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 25th. This is a 16.8% increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.20.

First Trust Dividend Strength ETF Trading Down 1.3%

Shares of FTDS stock opened at $54.96 on Friday. The stock has a market cap of $27.48 million, a P/E ratio of 14.53 and a beta of 1.12. The stock has a 50 day simple moving average of $54.81 and a 200 day simple moving average of $52.09. First Trust Dividend Strength ETF has a 1 year low of $44.26 and a 1 year high of $56.28.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its stake in First Trust Dividend Strength ETF by 40.7% during the second quarter. Harbour Investments Inc. now owns 1,710 shares of the company’s stock worth $89,000 after purchasing an additional 495 shares during the last quarter. AE Wealth Management LLC lifted its stake in First Trust Dividend Strength ETF by 23.0% during the second quarter. AE Wealth Management LLC now owns 7,662 shares of the company’s stock worth $400,000 after purchasing an additional 1,435 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Dividend Strength ETF by 26.1% during the first quarter. Envestnet Asset Management Inc. now owns 15,722 shares of the company’s stock worth $801,000 after purchasing an additional 3,251 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in First Trust Dividend Strength ETF by 16.5% during the first quarter. LPL Financial LLC now owns 158,871 shares of the company’s stock worth $8,090,000 after purchasing an additional 22,450 shares during the last quarter.

First Trust Dividend Strength ETF Company Profile

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio.