First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Trading 0.5% Higher – Should You Buy?

First Trust SMID Capital Strength ETF (NASDAQ:FSCS)’s share price traded up 0.5% on Wednesday . The company traded as high as $35.88 and last traded at $35.7350. 6,171 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 7,049 shares. The stock had previously closed at $35.55.

First Trust SMID Capital Strength ETF Trading Up 0.5%

The company has a market capitalization of $50.03 million, a price-to-earnings ratio of 16.57 and a beta of 1.03. The company has a fifty day moving average of $35.75 and a 200-day moving average of $36.07.

First Trust SMID Capital Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.0494 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in shares of First Trust SMID Capital Strength ETF by 4.5% in the third quarter. NewEdge Advisors LLC now owns 362,818 shares of the company’s stock valued at $13,308,000 after purchasing an additional 15,597 shares in the last quarter. Citadel Advisors LLC acquired a new position in First Trust SMID Capital Strength ETF during the third quarter worth $1,260,000. Equitable Holdings Inc. purchased a new stake in First Trust SMID Capital Strength ETF in the 3rd quarter valued at $274,000. Two Sigma Investments LP increased its stake in shares of First Trust SMID Capital Strength ETF by 20.8% in the 3rd quarter. Two Sigma Investments LP now owns 12,200 shares of the company’s stock worth $448,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of First Trust SMID Capital Strength ETF by 7.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 8,257 shares of the company’s stock worth $303,000 after acquiring an additional 550 shares during the last quarter.

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.