International Assets Investment Management LLC Acquires 592,610 Shares of First Trust SMID Capital Strength ETF $FSCS

International Assets Investment Management LLC increased its stake in shares of First Trust SMID Capital Strength ETF (NASDAQ:FSCS) by 8,019.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 600,000 shares of the company’s stock after purchasing an additional 592,610 shares during the quarter. International Assets Investment Management LLC owned approximately 0.37% of First Trust SMID Capital Strength ETF worth $21,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSCS. NewEdge Advisors LLC grew its holdings in shares of First Trust SMID Capital Strength ETF by 6.7% in the second quarter. NewEdge Advisors LLC now owns 444,338 shares of the company’s stock worth $16,351,000 after purchasing an additional 27,732 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of First Trust SMID Capital Strength ETF by 20.4% in the 1st quarter. Kestra Advisory Services LLC now owns 18,122 shares of the company’s stock valued at $638,000 after purchasing an additional 3,071 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of First Trust SMID Capital Strength ETF by 4.7% in the first quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock worth $515,000 after buying an additional 659 shares during the last quarter. Cetera Investment Advisers grew its stake in First Trust SMID Capital Strength ETF by 57.9% during the 1st quarter. Cetera Investment Advisers now owns 13,552 shares of the company’s stock valued at $477,000 after purchasing an additional 4,968 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in First Trust SMID Capital Strength ETF in the 2nd quarter worth approximately $38,000.

First Trust SMID Capital Strength ETF Stock Performance

NASDAQ:FSCS opened at $37.15 on Friday. First Trust SMID Capital Strength ETF has a one year low of $34.30 and a one year high of $38.54. The firm has a market cap of $61.30 million, a price-to-earnings ratio of 16.57 and a beta of 0.89. The firm’s fifty day moving average is $36.72 and its two-hundred day moving average is $36.59.

First Trust SMID Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1386 dividend. This is an increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.1219. This represents a $0.55 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, September 24th.

About First Trust SMID Capital Strength ETF

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.