First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Trading 0.5% Higher – Here’s Why

First Trust SMID Capital Strength ETF (NASDAQ:FSCS)’s stock price rose 0.5% during trading on Wednesday . The company traded as high as $35.88 and last traded at $35.7350. Approximately 6,171 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 7,049 shares. The stock had previously closed at $35.55.

First Trust SMID Capital Strength ETF Stock Performance

The company has a market capitalization of $50.03 million, a PE ratio of 16.57 and a beta of 1.03. The stock’s 50-day simple moving average is $35.75 and its 200 day simple moving average is $36.07.

First Trust SMID Capital Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.0494 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 25th.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

Several hedge funds have recently made changes to their positions in the company. CWM LLC acquired a new stake in shares of First Trust SMID Capital Strength ETF in the third quarter valued at approximately $30,000. Harbour Investments Inc. raised its position in First Trust SMID Capital Strength ETF by 1,827.6% in the 1st quarter. Harbour Investments Inc. now owns 4,684 shares of the company’s stock valued at $162,000 after purchasing an additional 4,441 shares during the last quarter. Cetera Investment Advisers purchased a new stake in First Trust SMID Capital Strength ETF in the 1st quarter valued at $207,000. Equitable Holdings Inc. acquired a new stake in First Trust SMID Capital Strength ETF during the 3rd quarter worth $274,000. Finally, Envestnet Asset Management Inc. grew its position in First Trust SMID Capital Strength ETF by 7.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,257 shares of the company’s stock worth $303,000 after purchasing an additional 550 shares during 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.