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

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

First Trust SMID Capital Strength ETF Stock Performance

The company has a market cap of $59.21 million, a price-to-earnings ratio of 16.57 and a beta of 1.03. The firm’s 50-day moving average price is $36.12 and its 200 day moving average price is $36.24.

First Trust SMID Capital Strength ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust SMID Capital Strength ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in shares of First Trust SMID Capital Strength ETF by 4.5% in the 3rd quarter. NewEdge Advisors LLC now owns 362,818 shares of the company’s stock valued at $13,308,000 after acquiring an additional 15,597 shares during the last quarter. Osaic Holdings Inc. grew its holdings in First Trust SMID Capital Strength ETF by 254.9% during the second quarter. Osaic Holdings Inc. now owns 41,286 shares of the company’s stock valued at $1,476,000 after purchasing an additional 29,653 shares during the period. Citadel Advisors LLC bought a new stake in First Trust SMID Capital Strength ETF in the third quarter valued at approximately $1,260,000. Goldman Sachs Group Inc. acquired a new stake in First Trust SMID Capital Strength ETF in the first quarter worth $550,000. Finally, Two Sigma Investments LP boosted its position in shares of First Trust SMID Capital Strength ETF by 20.8% during the third quarter. Two Sigma Investments LP now owns 12,200 shares of the company’s stock worth $448,000 after purchasing an additional 2,100 shares in the last quarter.

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.