First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Trading Down 0.8% – Here’s What Happened

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) dropped 0.8% during mid-day trading on Friday . The stock traded as low as $36.83 and last traded at $37.0050. Approximately 5,393 shares changed hands during trading, a decline of 65% from the average daily volume of 15,360 shares. The stock had previously closed at $37.31.

First Trust SMID Capital Strength ETF Stock Down 0.8%

The company’s fifty day simple moving average is $36.12 and its 200 day simple moving average is $36.25. The firm has a market capitalization of $57.36 million, a PE ratio of 16.57 and a beta of 1.03.

First Trust SMID Capital Strength ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1035 per share. This is a boost from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.05. This represents a $0.41 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust SMID Capital Strength ETF

Hedge funds have recently modified their holdings of the business. CWM LLC purchased a new position in First Trust SMID Capital Strength ETF during the 3rd quarter valued at about $30,000. Equitable Holdings Inc. purchased a new position in shares of First Trust SMID Capital Strength ETF during the third quarter valued at approximately $274,000. Envestnet Asset Management Inc. boosted its position 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 purchasing an additional 550 shares in the last quarter. Two Sigma Investments LP grew 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 buying an additional 2,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in First Trust SMID Capital Strength ETF during the 1st quarter valued at approximately $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.