NewEdge Advisors LLC Raises Stock Holdings in First Trust SMID Capital Strength ETF $FSCS

NewEdge Advisors LLC lifted its stake in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 444,338 shares of the company’s stock after buying an additional 27,732 shares during the quarter. NewEdge Advisors LLC owned about 0.29% of First Trust SMID Capital Strength ETF worth $16,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted 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 in the last quarter. Equitable Holdings Inc. bought a new stake in shares of First Trust SMID Capital Strength ETF during the third quarter valued at approximately $274,000. Envestnet Asset Management Inc. raised its position in shares of First Trust SMID Capital Strength ETF by 7.1% during the third 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. Cetera Investment Advisers lifted its holdings 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 worth $307,000 after buying an additional 829 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of First Trust SMID Capital Strength ETF by 20.8% in the third 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 in the last quarter.

First Trust SMID Capital Strength ETF Stock Performance

Shares of NASDAQ:FSCS opened at $36.63 on Friday. The firm has a fifty day moving average price of $37.56 and a 200 day moving average price of $36.53. First Trust SMID Capital Strength ETF has a fifty-two week low of $34.30 and a fifty-two week high of $38.54. The firm has a market cap of $56.78 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. Investors of record on Thursday, June 25th were given a $0.1219 dividend. This is an increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.09. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, June 25th.

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.