First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Trading 1.8% Higher – Here’s Why

First Trust SMID Capital Strength ETF (NASDAQ:FSCS)’s share price was up 1.8% during mid-day trading on Thursday . The company traded as high as $37.48 and last traded at $37.48. Approximately 4,846 shares were traded during mid-day trading, a decline of 23% from the average session volume of 6,271 shares. The stock had previously closed at $36.82.

First Trust SMID Capital Strength ETF Trading Up 1.8%

The company has a market cap of $58.09 million, a PE ratio of 16.57 and a beta of 0.88. The firm’s fifty day moving average is $36.05 and its 200 day moving average is $36.30.

First Trust SMID Capital Strength ETF Increases Dividend

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

Institutional Trading of First Trust SMID Capital Strength ETF

A number of institutional investors and hedge funds have recently modified their holdings of FSCS. International Assets Investment Management LLC raised its position in shares of 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 purchasing an additional 321 shares during the last quarter. CWM LLC lifted its stake in 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 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 worth $303,000 after buying an additional 550 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in 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 worth $515,000 after buying an additional 659 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in First Trust SMID Capital Strength ETF by 10.7% during the 4th quarter. Cetera Investment Advisers now owns 8,584 shares of the company’s stock worth $307,000 after buying an additional 829 shares in the last quarter.

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.