AE Wealth Management LLC Buys 1,435 Shares of First Trust Dividend Strength ETF $FTDS

AE Wealth Management LLC increased its position in shares of First Trust Dividend Strength ETF (NASDAQ:FTDS) by 23.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,662 shares of the company’s stock after buying an additional 1,435 shares during the period. AE Wealth Management LLC owned 1.53% of First Trust Dividend Strength ETF worth $400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC raised its position in shares of First Trust Dividend Strength ETF by 16.5% in the 1st quarter. LPL Financial LLC now owns 158,871 shares of the company’s stock worth $8,090,000 after acquiring an additional 22,450 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Trust Dividend Strength ETF by 26.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,722 shares of the company’s stock valued at $801,000 after purchasing an additional 3,251 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in First Trust Dividend Strength ETF by 40.7% during the second quarter. Harbour Investments Inc. now owns 1,710 shares of the company’s stock worth $89,000 after purchasing an additional 495 shares during the period.

First Trust Dividend Strength ETF Stock Performance

Shares of FTDS stock opened at $55.20 on Friday. The stock has a 50 day simple moving average of $55.01 and a two-hundred day simple moving average of $53.57. First Trust Dividend Strength ETF has a fifty-two week low of $44.26 and a fifty-two week high of $56.38. The company has a market cap of $24.84 million, a P/E ratio of 14.53 and a beta of 0.96.

First Trust Dividend Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.2333 dividend. This is an increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.20. This represents a $0.93 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 25th.

About First Trust Dividend Strength ETF

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.