First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Trading 1.1% Higher After Dividend Announcement

First Trust SMID Capital Strength ETF (NASDAQ:FSCS)’s share price was up 1.1% during trading on Wednesday following a dividend announcement from the company. The stock traded as high as $36.68 and last traded at $36.56. Approximately 8,049 shares traded hands during trading, an increase of 36% from the average session volume of 5,902 shares. The stock had previously closed at $36.17.

The newly announced dividend which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.1219 per share. This represents a $0.49 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, June 25th. This is a positive change from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09.

First Trust SMID Capital Strength ETF Trading Up 1.0%

The stock’s 50-day moving average price is $35.88 and its 200-day moving average price is $36.22. The stock has a market cap of $59.18 million, a price-to-earnings ratio of 16.57 and a beta of 0.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its stake in First Trust SMID Capital Strength ETF by 55.1% during the fourth quarter. LPL Financial LLC now owns 509,668 shares of the company’s stock worth $18,231,000 after purchasing an additional 181,008 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of First Trust SMID Capital Strength ETF by 11.7% during the 1st quarter. NewEdge Advisors LLC now owns 416,606 shares of the company’s stock worth $14,665,000 after buying an additional 43,549 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of First Trust SMID Capital Strength ETF during the 3rd quarter worth approximately $1,260,000. Goldman Sachs Group Inc. acquired a new stake in shares of First Trust SMID Capital Strength ETF during the 1st quarter worth approximately $550,000. Finally, Equitable Holdings Inc. increased its stake in shares of First Trust SMID Capital Strength ETF by 182.8% in the 4th quarter. Equitable Holdings Inc. now owns 21,153 shares of the company’s stock valued at $757,000 after acquiring an additional 13,672 shares in the last quarter.

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.