First Trust Dividend Strength ETF (NASDAQ:FTDS) Trading Up 0.7% – Time to Buy?

First Trust Dividend Strength ETF (NASDAQ:FTDS)’s stock price rose 0.7% during mid-day trading on Tuesday . The company traded as high as $60.97 and last traded at $60.74. Approximately 10,707 shares traded hands during mid-day trading, an increase of 419% from the average daily volume of 2,062 shares. The stock had previously closed at $60.32.

First Trust Dividend Strength ETF Price Performance

The stock has a 50 day moving average price of $60.47 and a 200-day moving average price of $59.63. The stock has a market capitalization of $30.37 million, a price-to-earnings ratio of 14.53 and a beta of 0.83.

First Trust Dividend Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.3109 per share. The ex-dividend date was Thursday, March 26th. This is a positive change from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.25. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%.

Hedge Funds Weigh In On First Trust Dividend Strength ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in First Trust Dividend Strength ETF during the fourth quarter worth $95,000. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust Dividend Strength ETF during the fourth quarter worth $169,000. D.A. Davidson & CO. acquired a new position in First Trust Dividend Strength ETF during the first quarter worth $209,000. Truist Financial Corp acquired a new position in First Trust Dividend Strength ETF during the fourth quarter worth $220,000. Finally, Key Client Fiduciary Advisors LLC acquired a new position in First Trust Dividend Strength ETF during the fourth quarter worth $230,000.

About First Trust Dividend Strength ETF

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.