First Trust Dividend Strength ETF (FTDS) to Distribute Quarterly Dividend of $0.31 on September 30th

First Trust Dividend Strength ETF (NASDAQ:FTDS – Get Free Report) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of $0.3094 per share on Wednesday, September 30th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 24th. This is a 60.5% increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.1928.

First Trust Dividend Strength ETF Stock Performance

Shares of NASDAQ:FTDS opened at $62.71 on Friday. The stock has a 50-day simple moving average of $65.23 and a 200-day simple moving average of $62.25. First Trust Dividend Strength ETF has a 1 year low of $53.43 and a 1 year high of $67.24. The stock has a market capitalization of $37.63 million, a P/E ratio of 14.53 and a beta of 0.82.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

Institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC acquired a new stake in First Trust Dividend Strength ETF during the second quarter worth about $99,000. Cetera Investment Advisers increased its position in First Trust Dividend Strength ETF by 8.3% in 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 during the period. Finally, D.A. Davidson & CO. bought a new stake in First Trust Dividend Strength ETF in the first quarter valued at $209,000.

About First Trust Dividend Strength ETF

(Get Free Report)

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.

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Dividend History for First Trust Dividend Strength ETF (NASDAQ:FTDS)

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