First Trust Dividend Strength ETF (NASDAQ:FTDS) Trading 1.8% Higher – Should You Buy?

First Trust Dividend Strength ETF (NASDAQ:FTDS)’s share price rose 1.8% during trading on Monday . The stock traded as high as $59.89 and last traded at $59.75. Approximately 2,823 shares were traded during trading, an increase of 69% from the average daily volume of 1,673 shares. The stock had previously closed at $58.71.

First Trust Dividend Strength ETF Price Performance

The stock has a market capitalization of $29.95 million, a price-to-earnings ratio of 14.53 and a beta of 0.85. The firm has a fifty day moving average of $60.43 and a 200 day moving average of $59.10.

First Trust Dividend Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.3109 dividend. The ex-dividend date was Thursday, March 26th. This is a positive change from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.25. This represents a $1.24 annualized dividend and a yield of 2.1%.

Hedge Funds Weigh In On First Trust Dividend Strength ETF

Several large investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in First Trust Dividend Strength ETF during the 4th quarter worth about $95,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust Dividend Strength ETF during the fourth quarter worth about $169,000. D.A. Davidson & CO. acquired a new position in shares of First Trust Dividend Strength ETF during the first quarter worth about $209,000. Truist Financial Corp purchased a new stake in shares of First Trust Dividend Strength ETF during the fourth quarter worth approximately $220,000. Finally, Key Client Fiduciary Advisors LLC acquired a new stake in First Trust Dividend Strength ETF in the fourth quarter valued at approximately $230,000.

About First Trust Dividend Strength ETF

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.