First Trust Dividend Strength ETF (NASDAQ:FTDS) Shares Up 0.7% – Here’s Why

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

First Trust Dividend Strength ETF Price Performance

The stock has a market cap of $30.53 million, a PE ratio of 14.53 and a beta of 0.83. The stock has a 50-day moving average price of $60.50 and a two-hundred day moving average price of $59.72.

First Trust Dividend Strength ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust Dividend Strength ETF

Several hedge funds have recently made changes to their positions in FTDS. LPL Financial LLC boosted its stake in shares of First Trust Dividend Strength ETF by 5.7% during the 4th quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock worth $7,834,000 after acquiring an additional 7,495 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of First Trust Dividend Strength ETF by 41.0% during the 3rd quarter. Susquehanna International Group LLP now owns 13,222 shares of the company’s stock worth $735,000 after purchasing an additional 3,844 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in First Trust Dividend Strength ETF during the 3rd quarter worth $543,000. PFG Investments LLC acquired a new position in shares of First Trust Dividend Strength ETF during the fourth quarter worth about $305,000. Finally, Cetera Investment Advisers boosted its holdings in First Trust Dividend Strength ETF by 8.3% during the first quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock worth $305,000 after buying an additional 388 shares in the last quarter.

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.