First Trust SMID Capital Strength ETF (NASDAQ:FSCS) Stock Price Up 0.9% – Time to Buy?

Shares of First Trust SMID Capital Strength ETF (NASDAQ:FSCS) traded up 0.9% during trading on Friday . The stock traded as high as $35.30 and last traded at $35.25. 2,966 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 7,219 shares. The stock had previously closed at $34.95.

First Trust SMID Capital Strength ETF Trading Up 0.9%

The firm has a market cap of $49.35 million, a price-to-earnings ratio of 16.57 and a beta of 1.03. The firm’s 50 day simple moving average is $36.29 and its two-hundred day simple moving average is $35.97.

First Trust SMID Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.0494 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, September 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC bought a new stake in shares of First Trust SMID Capital Strength ETF during the 3rd quarter worth approximately $30,000. Harbour Investments Inc. raised its position in First Trust SMID Capital Strength ETF by 1,827.6% during the first quarter. Harbour Investments Inc. now owns 4,684 shares of the company’s stock valued at $162,000 after purchasing an additional 4,441 shares in the last quarter. Cetera Investment Advisers bought a new stake in First Trust SMID Capital Strength ETF during the first quarter worth $207,000. Envestnet Asset Management Inc. boosted its holdings 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 valued at $303,000 after purchasing an additional 550 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of First Trust SMID Capital Strength ETF in the 1st quarter valued at $550,000.

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.