Envestnet Asset Management Inc. Raises Stock Position in First Trust Dividend Strength ETF (NASDAQ:FTDS)

Envestnet Asset Management Inc. grew its position in First Trust Dividend Strength ETF (NASDAQ:FTDS) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,471 shares of the company’s stock after buying an additional 1,221 shares during the period. Envestnet Asset Management Inc. owned 2.49% of First Trust Dividend Strength ETF worth $630,000 as of its most recent SEC filing.

Separately, Truist Financial Corp boosted its stake in First Trust Dividend Strength ETF by 27.7% during the fourth quarter. Truist Financial Corp now owns 5,626 shares of the company’s stock worth $284,000 after buying an additional 1,221 shares during the period.

First Trust Dividend Strength ETF Price Performance

Shares of FTDS opened at $50.24 on Friday. The firm has a 50-day simple moving average of $49.58 and a two-hundred day simple moving average of $51.44. The stock has a market cap of $25.12 million, a PE ratio of 13.56 and a beta of 1.12. First Trust Dividend Strength ETF has a 1-year low of $44.26 and a 1-year high of $55.33.

First Trust Dividend Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.219 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.88 annualized dividend and a yield of 1.74%.

First Trust Dividend Strength ETF Company Profile

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.