First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Trading Down 0.6% – What’s Next?

Shares of First Trust SMID Capital Strength ETF (NASDAQ:FSCS) dropped 0.6% during mid-day trading on Monday . The stock traded as low as $37.49 and last traded at $37.62. Approximately 12,394 shares traded hands during trading, an increase of 100% from the average session volume of 6,204 shares. The stock had previously closed at $37.84.

First Trust SMID Capital Strength ETF Stock Down 0.6%

The stock has a market capitalization of $58.31 million, a P/E ratio of 16.57 and a beta of 0.88. The company has a 50 day moving average of $37.47 and a 200-day moving average of $36.54.

First Trust SMID Capital Strength ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust SMID Capital Strength ETF

A number of institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake 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 worth $14,665,000 after acquiring an additional 43,549 shares during the period. Cetera Investment Advisers grew its holdings 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 purchasing an additional 4,968 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of First Trust SMID Capital Strength ETF by 4.7% during the first quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock valued at $515,000 after purchasing an additional 659 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of First Trust SMID Capital Strength ETF by 20.4% during the first 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. Finally, Equitable Holdings Inc. raised its position in shares of First Trust SMID Capital Strength ETF by 182.8% during the 4th quarter. Equitable Holdings Inc. now owns 21,153 shares of the company’s stock worth $757,000 after purchasing an additional 13,672 shares during the period.

First Trust SMID Capital Strength ETF Company Profile

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.