First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Trading Down 0.5% – Should You Sell?

First Trust SMID Capital Strength ETF (NASDAQ:FSCS)’s stock price was down 0.5% on Monday . The stock traded as low as $34.97 and last traded at $35.08. Approximately 9,506 shares were traded during mid-day trading, an increase of 62% from the average daily volume of 5,862 shares. The stock had previously closed at $35.24.

First Trust SMID Capital Strength ETF Trading Down 0.5%

The firm’s fifty day simple moving average is $35.73 and its two-hundred day simple moving average is $36.17. The company has a market capitalization of $56.13 million, a price-to-earnings ratio of 16.57 and a beta of 0.92.

First Trust SMID Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0936 per share. This represents a $0.37 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors Weigh In On First Trust SMID Capital Strength ETF

Several large investors have recently added to or reduced their stakes in FSCS. International Assets Investment Management LLC grew its holdings in First Trust SMID Capital Strength ETF by 5.3% during the 4th quarter. International Assets Investment Management LLC now owns 6,390 shares of the company’s stock worth $229,000 after acquiring an additional 321 shares in the last quarter. CWM LLC boosted its holdings in shares of First Trust SMID Capital Strength ETF by 48.7% in the 4th quarter. CWM LLC now owns 1,213 shares of the company’s stock valued at $43,000 after buying an additional 397 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of 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 buying an additional 550 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of First Trust SMID Capital Strength ETF by 4.7% in the 1st quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock valued at $515,000 after buying an additional 659 shares in the last quarter. Finally, Cetera Investment Advisers boosted 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 valued at $307,000 after buying an additional 829 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.