First Trust Dividend Strength ETF (NASDAQ:FTDS) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC trimmed its stake in shares of First Trust Dividend Strength ETF (NASDAQ:FTDS) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,435 shares of the company’s stock after selling 869 shares during the period. Citadel Advisors LLC owned about 5.89% of First Trust Dividend Strength ETF worth $1,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of First Trust Dividend Strength ETF by 10.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,471 shares of the company’s stock valued at $630,000 after acquiring an additional 1,221 shares in the last quarter. LPL Financial LLC raised its stake in First Trust Dividend Strength ETF by 3.1% during the 4th quarter. LPL Financial LLC now owns 136,421 shares of the company’s stock valued at $6,896,000 after purchasing an additional 4,164 shares during the period. Finally, Truist Financial Corp raised its stake in First Trust Dividend Strength ETF by 27.7% during the 4th quarter. Truist Financial Corp now owns 5,626 shares of the company’s stock valued at $284,000 after purchasing an additional 1,221 shares during the period.

First Trust Dividend Strength ETF Stock Down 1.0%

Shares of First Trust Dividend Strength ETF stock opened at $50.23 on Monday. First Trust Dividend Strength ETF has a 12 month low of $44.26 and a 12 month high of $55.33. The stock has a market cap of $25.12 million, a PE ratio of 14.45 and a beta of 1.12. The business has a fifty day simple moving average of $49.60 and a 200-day simple moving average of $51.28.

First Trust Dividend Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.219 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.88 dividend on an annualized basis 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.