First Trust Dividend Strength ETF (NASDAQ:FTDS) Stock Price Up 1.8% – Here’s What Happened

Shares of First Trust Dividend Strength ETF (NASDAQ:FTDS) rose 1.8% during mid-day trading on Monday . The company traded as high as $59.89 and last traded at $59.75. Approximately 2,823 shares were traded during trading, an increase of 69% from the average daily volume of 1,673 shares. The stock had previously closed at $58.71.

First Trust Dividend Strength ETF Price Performance

The firm has a fifty day simple moving average of $60.48 and a 200-day simple moving average of $59.02. The firm has a market cap of $29.88 million, a P/E ratio of 14.53 and a beta of 0.85.

First Trust Dividend Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.3109 dividend. This is a boost from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 26th. This represents a $1.24 dividend on an annualized basis and a yield of 2.1%.

Hedge Funds Weigh In On First Trust Dividend Strength ETF

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its stake in shares of First Trust Dividend Strength ETF by 8.3% during the 1st quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock worth $305,000 after purchasing an additional 388 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in First Trust Dividend Strength ETF during the first quarter valued at about $209,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Dividend Strength ETF during the fourth quarter worth $95,000. LPL Financial LLC increased its position in shares of First Trust Dividend Strength ETF by 5.7% during the fourth quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock valued at $7,834,000 after buying an additional 7,495 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Trust Dividend Strength ETF during the 4th quarter valued at $169,000.

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