First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Stock Price Up 1.4% – Should You Buy?

First Trust SMID Capital Strength ETF (NASDAQ:FSCS) shares traded up 1.4% on Thursday. The stock traded as high as $36.67 and last traded at $36.56. 785 shares were traded during mid-day trading, a decline of 87% from the average session volume of 5,939 shares. The stock had previously closed at $36.07.

First Trust SMID Capital Strength ETF Stock Up 0.1%

The stock’s 50 day moving average price is $36.94 and its 200-day moving average price is $36.53. The stock has a market capitalization of $58.54 million, a P/E ratio of 16.57 and a beta of 0.89.

First Trust SMID Capital Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.1386 per share. This is an increase from First Trust SMID Capital Strength ETF’s previous quarterly dividend of $0.1219. This represents a $0.55 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust SMID Capital Strength ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FSCS. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust SMID Capital Strength ETF in the 2nd quarter valued at $38,000. Cetera Investment Advisers boosted its position in First Trust SMID Capital Strength ETF by 57.9% during the first quarter. Cetera Investment Advisers now owns 13,552 shares of the company’s stock valued at $477,000 after purchasing an additional 4,968 shares in the last quarter. Sanctuary Advisors LLC boosted its position in First Trust SMID Capital Strength ETF by 4.7% during 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 in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of First Trust SMID Capital Strength ETF by 20.4% in the 1st quarter. Kestra Advisory Services LLC now owns 18,122 shares of the company’s stock valued at $638,000 after buying an additional 3,071 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of First Trust SMID Capital Strength ETF by 11.7% in the 1st quarter. NewEdge Advisors LLC now owns 416,606 shares of the company’s stock valued at $14,665,000 after buying an additional 43,549 shares in the last quarter.

About First Trust SMID Capital Strength ETF

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.