NewEdge Advisors LLC Sells 346,037 Shares of First Trust SMID Capital Strength ETF $FSCS

NewEdge Advisors LLC reduced its position in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) by 92.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,020 shares of the company’s stock after selling 346,037 shares during the period. NewEdge Advisors LLC’s holdings in First Trust SMID Capital Strength ETF were worth $951,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in shares of First Trust SMID Capital Strength ETF by 5.3% in the 4th quarter. International Assets Investment Management LLC now owns 6,390 shares of the company’s stock worth $229,000 after purchasing an additional 321 shares in the last quarter. CWM LLC raised its stake in shares of First Trust SMID Capital Strength ETF by 48.7% in the fourth quarter. CWM LLC now owns 1,213 shares of the company’s stock worth $43,000 after purchasing an additional 397 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust SMID Capital Strength ETF by 7.1% during the third quarter. Envestnet Asset Management Inc. now owns 8,257 shares of the company’s stock valued at $303,000 after purchasing an additional 550 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of First Trust SMID Capital Strength ETF by 4.7% during the first quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock valued at $515,000 after purchasing an additional 659 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of First Trust SMID Capital Strength ETF by 10.7% during the fourth quarter. Cetera Investment Advisers now owns 8,584 shares of the company’s stock valued at $307,000 after buying an additional 829 shares during the last quarter.

First Trust SMID Capital Strength ETF Stock Performance

NASDAQ FSCS opened at $37.46 on Monday. First Trust SMID Capital Strength ETF has a one year low of $34.30 and a one year high of $38.35. The stock has a 50-day moving average of $36.45 and a 200 day moving average of $36.38. The company has a market capitalization of $58.06 million, a price-to-earnings ratio of 16.57 and a beta of 0.88.

First Trust SMID Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1219 per share. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09.

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.