First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Trading Up 0.9% – Here’s What Happened

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) was up 0.9% on Friday . The stock traded as high as $35.30 and last traded at $35.25. Approximately 2,966 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 7,219 shares. The stock had previously closed at $34.95.

First Trust SMID Capital Strength ETF Stock Up 0.9%

The firm has a market capitalization of $49.35 million, a price-to-earnings ratio of 16.57 and a beta of 1.03. The business has a 50-day moving average of $36.29 and a two-hundred day moving average of $35.99.

First Trust SMID Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.0494 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased 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 valued at $303,000 after buying an additional 550 shares during the period. CWM LLC bought a new position in shares of First Trust SMID Capital Strength ETF during the 3rd quarter worth about $30,000. Harbour Investments Inc. boosted its position in shares of First Trust SMID Capital Strength ETF by 1,827.6% during the 1st quarter. Harbour Investments Inc. now owns 4,684 shares of the company’s stock valued at $162,000 after acquiring an additional 4,441 shares in the last quarter. Cetera Investment Advisers bought a new stake in First Trust SMID Capital Strength ETF in the first quarter valued at about $207,000. Finally, LPL Financial LLC raised its position in First Trust SMID Capital Strength ETF by 5.2% in the first quarter. LPL Financial LLC now owns 309,068 shares of the company’s stock worth $10,677,000 after purchasing an additional 15,185 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.