NewEdge Advisors LLC Buys 43,549 Shares of First Trust SMID Capital Strength ETF $FSCS

NewEdge Advisors LLC increased its stake in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) by 11.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 416,606 shares of the company’s stock after purchasing an additional 43,549 shares during the period. NewEdge Advisors LLC owned approximately 26.04% of First Trust SMID Capital Strength ETF worth $14,665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of First Trust SMID Capital Strength ETF by 48.7% in the fourth quarter. CWM LLC now owns 1,213 shares of the company’s stock valued at $43,000 after purchasing an additional 397 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of First Trust SMID Capital Strength ETF by 5.3% during the fourth quarter. International Assets Investment Management LLC now owns 6,390 shares of the company’s stock worth $229,000 after buying an additional 321 shares in the last quarter. Equitable Holdings Inc. bought a new position in shares of First Trust SMID Capital Strength ETF during the third quarter worth about $274,000. Envestnet Asset Management Inc. raised its position in 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 valued at $303,000 after buying an additional 550 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in First Trust SMID Capital Strength ETF by 10.7% in the 4th quarter. Cetera Investment Advisers now owns 8,584 shares of the company’s stock valued at $307,000 after buying an additional 829 shares during the last quarter.

First Trust SMID Capital Strength ETF Stock Up 0.7%

NASDAQ:FSCS opened at $38.45 on Friday. First Trust SMID Capital Strength ETF has a twelve month low of $34.30 and a twelve month high of $38.54. The business has a 50 day moving average price of $36.71 and a two-hundred day moving average price of $36.43. The company has a market cap of $59.60 million, a P/E ratio of 16.57 and a beta of 0.88.

First Trust SMID Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1219 dividend. This represents a $0.49 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09.

First Trust SMID Capital Strength ETF 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.