First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Trading Up 1.1% – Still a Buy?

First Trust SMID Growth Strength ETF (NASDAQ:FSGS)’s stock price traded up 1.1% during trading on Thursday . The company traded as high as $32.43 and last traded at $32.41. 200 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 2,246 shares. The stock had previously closed at $32.05.

First Trust SMID Growth Strength ETF Price Performance

The firm’s 50 day simple moving average is $31.24 and its two-hundred day simple moving average is $30.80. The firm has a market capitalization of $30.64 million, a P/E ratio of 18.32 and a beta of 0.96.

First Trust SMID Growth Strength ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.0102 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust SMID Growth Strength ETF

A number of institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of First Trust SMID Growth Strength ETF during the fourth quarter valued at approximately $73,000. Osaic Holdings Inc. bought a new position in First Trust SMID Growth Strength ETF in the second quarter worth approximately $168,000. Western Wealth Management LLC increased its holdings in First Trust SMID Growth Strength ETF by 8.3% during the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock worth $230,000 after purchasing an additional 577 shares during the period. Citadel Advisors LLC increased its holdings in First Trust SMID Growth Strength ETF by 7.2% during the 3rd quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after purchasing an additional 2,361 shares during the period. Finally, Susquehanna International Group LLP increased its holdings in First Trust SMID Growth Strength ETF by 59.5% during the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock worth $1,312,000 after purchasing an additional 15,668 shares during the period.

First Trust SMID Growth Strength ETF Company Profile

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.