First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Stock Price Up 1.8% – What’s Next?

Shares of First Trust SMID Capital Strength ETF (NASDAQ:FSCS) traded up 1.8% during trading on Thursday . The company traded as high as $37.48 and last traded at $37.48. 4,846 shares were traded during mid-day trading, a decline of 23% from the average session volume of 6,271 shares. The stock had previously closed at $36.82.

First Trust SMID Capital Strength ETF Trading Down 1.1%

The business’s 50 day moving average price is $36.08 and its two-hundred day moving average price is $36.31. The company has a market capitalization of $57.47 million, a price-to-earnings ratio of 16.57 and a beta of 0.88.

First Trust SMID Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1219 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.49 annualized dividend and a dividend yield of 1.3%. This is an increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in First Trust SMID Capital Strength ETF by 11.7% during the first quarter. NewEdge Advisors LLC now owns 416,606 shares of the company’s stock valued at $14,665,000 after buying an additional 43,549 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust SMID Capital Strength ETF by 57.9% during the first quarter. Cetera Investment Advisers now owns 13,552 shares of the company’s stock valued at $477,000 after buying an additional 4,968 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of First Trust SMID Capital Strength ETF by 4.7% in the first quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock worth $515,000 after buying an additional 659 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of First Trust SMID Capital Strength ETF by 20.4% in the first quarter. Kestra Advisory Services LLC now owns 18,122 shares of the company’s stock worth $638,000 after buying an additional 3,071 shares during the period. Finally, Equitable Holdings Inc. lifted its stake in shares of First Trust SMID Capital Strength ETF by 182.8% in the 4th quarter. Equitable Holdings Inc. now owns 21,153 shares of the company’s stock valued at $757,000 after acquiring an additional 13,672 shares during the last quarter.

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.