First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Increases Dividend to $0.14 Per Share

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.1386 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 13.7% increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.12.

First Trust SMID Capital Strength ETF Stock Performance

FSCS traded down $0.23 during trading on Thursday, hitting $36.11. The stock had a trading volume of 606 shares, compared to its average volume of 6,226. First Trust SMID Capital Strength ETF has a twelve month low of $34.30 and a twelve month high of $38.54. The company has a market capitalization of $57.77 million, a PE ratio of 16.57 and a beta of 0.88. The stock has a 50 day simple moving average of $37.49 and a two-hundred day simple moving average of $36.48.

Institutional Investors Weigh In On First Trust SMID Capital Strength ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in First Trust SMID Capital Strength ETF by 6.7% during the 2nd quarter. NewEdge Advisors LLC now owns 444,338 shares of the company’s stock valued at $16,351,000 after acquiring an additional 27,732 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in First Trust SMID Capital Strength ETF in the second quarter valued at $38,000. Cetera Investment Advisers grew its position in First Trust SMID Capital Strength ETF by 57.9% during the 1st quarter. Cetera Investment Advisers now owns 13,552 shares of the company’s stock worth $477,000 after purchasing an additional 4,968 shares during the period. Sanctuary Advisors LLC raised its stake in shares of First Trust SMID Capital Strength ETF by 4.7% during the 1st quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock valued at $515,000 after buying an additional 659 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of First Trust SMID Capital Strength ETF by 20.4% in the 1st quarter. Kestra Advisory Services LLC now owns 18,122 shares of the company’s stock valued at $638,000 after buying an additional 3,071 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.