First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Increases Dividend to $0.14 Per Share

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.1386 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, September 24th. This is a 13.7% increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.12.

First Trust SMID Capital Strength ETF Price Performance

First Trust SMID Capital Strength ETF stock opened at $35.92 on Thursday. First Trust SMID Capital Strength ETF has a 12 month low of $34.30 and a 12 month high of $38.54. The stock has a market capitalization of $57.48 million, a PE ratio of 16.57 and a beta of 0.88. The business has a 50 day simple moving average of $37.49 and a 200-day simple moving average of $36.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its stake in shares of First Trust SMID Capital Strength ETF by 4.7% in the 1st quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock worth $515,000 after acquiring an additional 659 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in First Trust SMID Capital Strength ETF during the second quarter worth about $38,000. Kestra Advisory Services LLC boosted its holdings in First Trust SMID Capital Strength ETF by 20.4% in the 1st quarter. Kestra Advisory Services LLC now owns 18,122 shares of the company’s stock valued at $638,000 after purchasing an additional 3,071 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust SMID Capital Strength ETF by 57.9% in the 1st quarter. Cetera Investment Advisers now owns 13,552 shares of the company’s stock valued at $477,000 after purchasing an additional 4,968 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of First Trust SMID Capital Strength ETF by 6.7% in the 2nd quarter. NewEdge Advisors LLC now owns 444,338 shares of the company’s stock valued at $16,351,000 after buying an additional 27,732 shares during the period.

About First Trust SMID Capital Strength ETF

The First Trust SMID Capital Strength ETF (FSCS) is an exchange-traded fund that is based on the The SMID Capital Strength index. The fund tracks an equal-weighted index of 100 well-capitalized small- and mid-cap US companies perceived to hold strong market positions. FSCS was launched on Jun 20, 2017 and is issued by First Trust.