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

NewEdge Advisors LLC lowered its position in shares of First Trust SMID Capital Strength ETF (NASDAQ:FSCS) by 92.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,020 shares of the company’s stock after selling 346,037 shares during the quarter. NewEdge Advisors LLC owned about 1.69% of First Trust SMID Capital Strength ETF worth $951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its position in First Trust SMID Capital Strength ETF by 48.7% during the 4th quarter. CWM LLC now owns 1,213 shares of the company’s stock valued at $43,000 after acquiring an additional 397 shares during the period. International Assets Investment Management LLC increased its stake 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 valued at $229,000 after purchasing an additional 321 shares in the last quarter. 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. Finally, Cetera Investment Advisers grew its stake in shares of 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 worth $307,000 after buying an additional 829 shares during the last quarter.

First Trust SMID Capital Strength ETF Trading Up 0.0%

Shares of NASDAQ:FSCS opened at $37.46 on Monday. The stock has a fifty day simple moving average of $36.45 and a two-hundred day simple moving average of $36.38. First Trust SMID Capital Strength ETF has a 12-month low of $34.30 and a 12-month high of $38.35. The stock has a market capitalization of $58.06 million, a price-to-earnings ratio of 16.57 and a beta of 0.88.

First Trust SMID Capital Strength ETF Increases Dividend

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

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.