First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Stock Price Up 1.8% – Still a Buy?

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) rose 1.8% during mid-day trading on Thursday . The company traded as high as $37.48 and last traded at $37.48. 4,846 shares were traded during trading, a decline of 23% from the average session volume of 6,271 shares. The stock had previously closed at $36.82.

First Trust SMID Capital Strength ETF Stock Up 1.8%

The company’s 50-day moving average is $36.05 and its 200 day moving average is $36.30. The company has a market cap of $58.09 million, a price-to-earnings ratio of 16.57 and a beta of 0.88.

First Trust SMID Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.1219 per share. This represents a $0.49 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09.

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC raised its holdings in First Trust SMID Capital Strength ETF by 5.3% in the 4th quarter. International Assets Investment Management LLC now owns 6,390 shares of the company’s stock worth $229,000 after purchasing an additional 321 shares during the period. CWM LLC boosted its position in First Trust SMID Capital Strength ETF by 48.7% during the fourth quarter. CWM LLC now owns 1,213 shares of the company’s stock worth $43,000 after purchasing an additional 397 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in First Trust SMID Capital Strength ETF by 7.1% in the third quarter. Envestnet Asset Management Inc. now owns 8,257 shares of the company’s stock valued at $303,000 after purchasing an additional 550 shares during the period. Sanctuary Advisors LLC grew its holdings in First Trust SMID Capital Strength ETF by 4.7% in the first quarter. Sanctuary Advisors LLC now owns 14,635 shares of the company’s stock valued at $515,000 after purchasing an additional 659 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of First Trust SMID Capital Strength ETF by 10.7% in the fourth quarter. Cetera Investment Advisers now owns 8,584 shares of the company’s stock valued at $307,000 after buying an additional 829 shares in 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.