NewEdge Advisors LLC Buys 43,549 Shares of First Trust SMID Capital Strength ETF $FSCS

NewEdge Advisors LLC increased its position in shares of First Trust SMID Capital Strength ETF (NASDAQ:FSCS) by 11.7% during the first quarter, Holdings Channel reports. The institutional investor owned 416,606 shares of the company’s stock after purchasing an additional 43,549 shares during the period. NewEdge Advisors LLC owned about 0.26% of First Trust SMID Capital Strength ETF worth $14,665,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in First Trust SMID Capital Strength ETF in the first quarter valued at approximately $550,000. Kestra Advisory Services LLC raised its position in shares of First Trust SMID Capital Strength ETF by 39.5% during the fourth quarter. Kestra Advisory Services LLC now owns 15,051 shares of the company’s stock worth $538,000 after purchasing an additional 4,262 shares during the period. Two Sigma Investments LP lifted its holdings in shares of First Trust SMID Capital Strength ETF by 20.8% in the 3rd quarter. Two Sigma Investments LP now owns 12,200 shares of the company’s stock worth $448,000 after purchasing an additional 2,100 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust SMID Capital Strength ETF by 10.7% in the 4th quarter. Cetera Investment Advisers now owns 8,584 shares of the company’s stock worth $307,000 after purchasing an additional 829 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in First Trust SMID Capital Strength ETF by 7.1% in the 3rd 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 during the period.

First Trust SMID Capital Strength ETF Trading Up 0.7%

Shares of FSCS stock opened at $38.45 on Friday. The firm has a market capitalization of $59.60 million, a PE ratio of 16.57 and a beta of 0.88. The firm has a fifty day simple moving average of $36.71 and a two-hundred day simple moving average of $36.43. First Trust SMID Capital Strength ETF has a 12 month low of $34.30 and a 12 month high of $38.54.

First Trust SMID Capital Strength ETF Increases Dividend

The firm also recently disclosed 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 is an increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, June 25th.

First Trust SMID Capital Strength ETF 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.