First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) Shares Up 0.4% – Still a Buy?

First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID)’s stock price was up 0.4% on Thursday. The company traded as high as $22.42 and last traded at $22.38. 9,671 shares traded hands during trading, a decline of 57% from the average daily volume of 22,453 shares. The stock had previously closed at $22.28.

First Trust S&P International Dividend Aristocrats ETF Price Performance

The company has a market cap of $166.73 million, a P/E ratio of 13.94 and a beta of 0.58. The company’s 50-day moving average is $22.79 and its two-hundred day moving average is $22.22.

First Trust S&P International Dividend Aristocrats ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1570 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a decrease from First Trust S&P International Dividend Aristocrats ETF’s previous quarterly dividend of $0.3850. This represents a $0.63 annualized dividend and a dividend yield of 2.8%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FID. Wagner Wealth Management LLC lifted its position in First Trust S&P International Dividend Aristocrats ETF by 5.4% during the first quarter. Wagner Wealth Management LLC now owns 811,389 shares of the company’s stock valued at $16,995,000 after purchasing an additional 41,507 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in First Trust S&P International Dividend Aristocrats ETF during the first quarter valued at about $15,299,000. Hobart Private Capital LLC grew its holdings in First Trust S&P International Dividend Aristocrats ETF by 2.6% during the second quarter. Hobart Private Capital LLC now owns 302,122 shares of the company’s stock valued at $6,483,000 after purchasing an additional 7,744 shares during the period. D.A. Davidson & CO. grew its holdings in First Trust S&P International Dividend Aristocrats ETF by 1.1% during the first quarter. D.A. Davidson & CO. now owns 246,440 shares of the company’s stock valued at $5,162,000 after purchasing an additional 2,638 shares during the period. Finally, Royal Bank of Canada grew its holdings in First Trust S&P International Dividend Aristocrats ETF by 170.7% during the first quarter. Royal Bank of Canada now owns 155,806 shares of the company’s stock valued at $3,263,000 after purchasing an additional 98,254 shares during the period.

About First Trust S&P International Dividend Aristocrats ETF

The First Trust S&P International Dividend Aristocrats Fund (FID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of up to 100 high-dividend-yielding stocks from developed and emerging markets, ex-US. Constituents are selected and weighted by dividends, with screens for payout ratio and long-term dividend growth. FID was launched on Aug 23, 2013 and is managed by First Trust.