First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Shares Down 0.1% – What’s Next?

First Trust SMID Capital Strength ETF (NASDAQ:FSCS)’s stock price dropped 0.1% on Thursday . The company traded as low as $36.02 and last traded at $36.08. Approximately 6,954 shares traded hands during trading, an increase of 2% from the average daily volume of 6,851 shares. The stock had previously closed at $36.10.

First Trust SMID Capital Strength ETF Stock Down 0.1%

The stock’s 50-day simple moving average is $36.30 and its two-hundred day simple moving average is $36.17. The company has a market capitalization of $57.73 million, a price-to-earnings ratio of 16.57 and a beta of 0.96.

First Trust SMID Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0936 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.37 dividend on an annualized basis and a yield of 1.0%.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

A number of large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in First Trust SMID Capital Strength ETF by 2.8% during the fourth quarter. NewEdge Advisors LLC now owns 373,057 shares of the company’s stock worth $13,345,000 after acquiring an additional 10,239 shares during the period. Cetera Investment Advisers raised its position in First Trust SMID Capital Strength ETF by 10.7% during the fourth quarter. Cetera Investment Advisers now owns 8,584 shares of the company’s stock worth $307,000 after acquiring an additional 829 shares during the period. Equitable Holdings Inc. raised its position in First Trust SMID Capital Strength ETF by 182.8% during the fourth quarter. Equitable Holdings Inc. now owns 21,153 shares of the company’s stock worth $757,000 after acquiring an additional 13,672 shares during the period. Osaic Holdings Inc. raised its position in First Trust SMID Capital Strength ETF by 21.6% during the fourth quarter. Osaic Holdings Inc. now owns 51,978 shares of the company’s stock worth $1,859,000 after acquiring an additional 9,229 shares during the period. Finally, Kestra Advisory Services LLC raised its position in First Trust SMID Capital Strength ETF by 39.5% during the fourth quarter. Kestra Advisory Services LLC now owns 15,051 shares of the company’s stock worth $538,000 after acquiring an additional 4,262 shares during the period.

About First Trust SMID Capital Strength ETF

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.