First Trust Dividend Strength ETF (NASDAQ:FTDS) Stock Price Up 0.2% – Here’s Why

First Trust Dividend Strength ETF (NASDAQ:FTDS – Get Free Report)’s share price rose 0.2% on Monday. The company traded as high as $67.65 and last traded at $67.5310. Approximately 393 shares changed hands during trading, a decline of 81% from the average session volume of 2,110 shares. The stock had previously closed at $67.42.

First Trust Dividend Strength ETF Stock Performance

The stock has a fifty day moving average price of $64.96 and a 200-day moving average price of $62.47. The firm has a market capitalization of $40.57 million, a PE ratio of 14.53 and a beta of 0.82.

First Trust Dividend Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.3094 dividend. This is a boost from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.1928. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of First Trust Dividend Strength ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new stake in First Trust Dividend Strength ETF during the 2nd quarter worth about $99,000. D.A. Davidson & CO. acquired a new position in shares of First Trust Dividend Strength ETF in the 1st quarter valued at about $209,000. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust Dividend Strength ETF by 8.3% in the first quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock worth $305,000 after buying an additional 388 shares during the last quarter.

First Trust Dividend Strength ETF Company Profile

(Get Free Report)

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.

Further Reading

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