First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Stock Price Down 0.6% – What’s Next?

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) dropped 0.6% during mid-day trading on Wednesday . The stock traded as low as $35.67 and last traded at $35.82. Approximately 4,671 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 8,282 shares. The stock had previously closed at $36.02.

First Trust SMID Capital Strength ETF Trading Down 0.6%

The firm has a market cap of $59.10 million, a price-to-earnings ratio of 16.57 and a beta of 1.03. The stock has a 50-day moving average of $36.96 and a 200-day moving average of $36.41.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of First Trust SMID Capital Strength ETF by 312.4% in the 2nd quarter. NewEdge Advisors LLC now owns 347,221 shares of the company’s stock worth $12,410,000 after acquiring an additional 263,018 shares during the period. LPL Financial LLC boosted its stake in First Trust SMID Capital Strength ETF by 55.1% during the 4th quarter. LPL Financial LLC now owns 509,668 shares of the company’s stock valued at $18,231,000 after purchasing an additional 181,008 shares during the period. Citadel Advisors LLC acquired a new position in First Trust SMID Capital Strength ETF during the 3rd quarter valued at about $1,260,000. Osaic Holdings Inc. grew its position in First Trust SMID Capital Strength ETF by 254.9% in the 2nd quarter. Osaic Holdings Inc. now owns 41,286 shares of the company’s stock worth $1,476,000 after purchasing an additional 29,653 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in First Trust SMID Capital Strength ETF in the 1st quarter worth about $550,000.

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.