First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Trading Down 0.6% – Here’s Why

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) shares were down 0.6% during mid-day trading on Monday . The stock traded as low as $37.49 and last traded at $37.62. 12,394 shares were traded during mid-day trading, an increase of 100% from the average daily volume of 6,204 shares. The stock had previously closed at $37.84.

First Trust SMID Capital Strength ETF Stock Down 0.6%

The firm has a market capitalization of $58.31 million, a price-to-earnings ratio of 16.57 and a beta of 0.88. The firm’s 50 day moving average is $37.47 and its 200 day moving average is $36.54.

First Trust SMID Capital Strength ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust SMID Capital Strength ETF

A number of institutional investors and hedge funds have recently modified their holdings of FSCS. NewEdge Advisors LLC increased its stake in First Trust SMID Capital Strength ETF by 11.7% in the 1st quarter. NewEdge Advisors LLC now owns 416,606 shares of the company’s stock worth $14,665,000 after purchasing an additional 43,549 shares in the last quarter. Cetera Investment Advisers lifted its stake in 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 in the last quarter. Equitable Holdings Inc. boosted its holdings in shares of First Trust SMID Capital Strength ETF by 182.8% in the fourth quarter. Equitable Holdings Inc. now owns 21,153 shares of the company’s stock worth $757,000 after buying an additional 13,672 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of First Trust SMID Capital Strength ETF by 39.5% in the fourth quarter. Kestra Advisory Services LLC now owns 15,051 shares of the company’s stock worth $538,000 after buying an additional 4,262 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of First Trust SMID Capital Strength ETF by 20.8% in the third quarter. Two Sigma Investments LP now owns 12,200 shares of the company’s stock worth $448,000 after acquiring an additional 2,100 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.