First Trust Dividend Strength ETF (NASDAQ:FTDS) Shares Down 0.8% – Here’s What Happened

First Trust Dividend Strength ETF (NASDAQ:FTDS) fell 0.8% on Friday . The stock traded as low as $66.27 and last traded at $66.2760. Approximately 330 shares changed hands during trading, a decline of 83% from the average daily volume of 1,981 shares. The stock had previously closed at $66.78.

First Trust Dividend Strength ETF Stock Performance

The stock has a market capitalization of $39.77 million, a PE ratio of 14.53 and a beta of 0.82. The business’s 50-day moving average is $64.48 and its two-hundred day moving average is $62.01.

First Trust Dividend Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.1928 dividend. This represents a $0.77 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in First Trust Dividend Strength ETF during the fourth quarter worth about $95,000. Continuum Advisory LLC purchased a new stake in First Trust Dividend Strength ETF in the 2nd quarter valued at approximately $99,000. Northwestern Mutual Wealth Management Co. purchased a new stake in First Trust Dividend Strength ETF in the 4th quarter valued at approximately $169,000. D.A. Davidson & CO. acquired a new position in First Trust Dividend Strength ETF during the 1st quarter worth approximately $209,000. Finally, Truist Financial Corp acquired a new position in First Trust Dividend Strength ETF during the 4th quarter worth approximately $220,000.

About First Trust Dividend Strength ETF

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. FTDS was launched on Dec 6, 2006 and is managed by First Trust.