World Equity Group Inc. Invests $591,000 in First Trust Dividend Strength ETF (NASDAQ:FTDS)

World Equity Group Inc. bought a new position in shares of First Trust Dividend Strength ETF (NASDAQ:FTDS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,121 shares of the company’s stock, valued at approximately $591,000. World Equity Group Inc. owned approximately 2.69% of First Trust Dividend Strength ETF as of its most recent filing with the Securities and Exchange Commission.

Separately, International Assets Investment Management LLC lifted its stake in First Trust Dividend Strength ETF by 26.5% during the fourth quarter. International Assets Investment Management LLC now owns 79,905 shares of the company’s stock worth $3,710,000 after purchasing an additional 16,759 shares during the last quarter.

First Trust Dividend Strength ETF Price Performance

Shares of NASDAQ FTDS traded up $0.23 during midday trading on Friday, reaching $50.71. 1,107 shares of the company traded hands, compared to its average volume of 1,337. The stock has a 50-day moving average price of $49.28 and a 200 day moving average price of $48.67. The company has a market cap of $22.82 million, a price-to-earnings ratio of 13.27 and a beta of 1.12. First Trust Dividend Strength ETF has a 52 week low of $40.13 and a 52 week high of $51.54.

First Trust Dividend Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.2666 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.07 annualized dividend and a yield of 2.10%.

First Trust Dividend Strength ETF Company Profile

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.