First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Shares Down 0.6% – Should You Sell?

First Trust SMID Capital Strength ETF (NASDAQ:FSCS)’s share price fell 0.6% during trading on Monday . The company traded as low as $37.49 and last traded at $37.62. Approximately 12,394 shares changed hands during trading, an increase of 100% from the average session volume of 6,204 shares. The stock had previously closed at $37.84.

First Trust SMID Capital Strength ETF Trading Up 0.4%

The firm’s fifty day moving average price is $37.49 and its 200 day moving average price is $36.54. The firm has a market capitalization of $57.94 million, a PE ratio of 16.57 and a beta of 0.88.

First Trust SMID Capital Strength ETF Increases Dividend

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

Institutional Trading of First Trust SMID Capital Strength ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of First Trust SMID Capital Strength ETF by 55.1% during the 4th quarter. LPL Financial LLC now owns 509,668 shares of the company’s stock valued at $18,231,000 after acquiring an additional 181,008 shares during the period. NewEdge Advisors LLC boosted its position in First Trust SMID Capital Strength ETF by 11.7% during the first quarter. NewEdge Advisors LLC now owns 416,606 shares of the company’s stock worth $14,665,000 after purchasing an additional 43,549 shares in the last quarter. Citadel Advisors LLC acquired a new stake in First Trust SMID Capital Strength ETF in the third quarter valued at approximately $1,260,000. Goldman Sachs Group Inc. acquired a new position in shares of First Trust SMID Capital Strength ETF during the 1st quarter worth approximately $550,000. Finally, Equitable Holdings Inc. raised its stake in shares of First Trust SMID Capital Strength ETF by 182.8% during the 4th quarter. Equitable Holdings Inc. now owns 21,153 shares of the company’s stock worth $757,000 after buying an additional 13,672 shares during the period.

First Trust SMID Capital Strength ETF Company Profile

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.