International Assets Investment Management LLC Buys 592,610 Shares of First Trust SMID Capital Strength ETF $FSCS

International Assets Investment Management LLC increased its stake in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) by 8,019.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 600,000 shares of the company’s stock after purchasing an additional 592,610 shares during the quarter. International Assets Investment Management LLC owned approximately 37.50% of First Trust SMID Capital Strength ETF worth $21,304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in First Trust SMID Capital Strength ETF by 6.7% during the second quarter. NewEdge Advisors LLC now owns 444,338 shares of the company’s stock valued at $16,351,000 after purchasing an additional 27,732 shares during the period. Kestra Advisory Services LLC raised its stake in First Trust SMID Capital Strength ETF by 20.4% during the 1st quarter. Kestra Advisory Services LLC now owns 18,122 shares of the company’s stock worth $638,000 after acquiring an additional 3,071 shares during the period. Sanctuary Advisors LLC raised its stake in First Trust SMID Capital Strength ETF by 4.7% during 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 period. Cetera Investment Advisers lifted its holdings in 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 in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in First Trust SMID Capital Strength ETF during the second quarter valued at approximately $38,000.

First Trust SMID Capital Strength ETF Price Performance

FSCS opened at $37.15 on Friday. The firm has a market cap of $61.30 million, a P/E ratio of 16.57 and a beta of 0.89. First Trust SMID Capital Strength ETF has a 1-year low of $34.30 and a 1-year high of $38.54. The company has a 50 day simple moving average of $36.72 and a two-hundred day simple moving average of $36.59.

First Trust SMID Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.1386 per share. This is a positive change from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.1219. The ex-dividend date was Thursday, September 24th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.5%.

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.