First Trust Dividend Strength ETF (NASDAQ:FTDS) Shares Down 0.8% – Here’s Why

First Trust Dividend Strength ETF (NASDAQ:FTDS) traded down 0.8% during mid-day trading on Friday . The company traded as low as $66.27 and last traded at $66.2760. 330 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,981 shares. The stock had previously closed at $66.78.

First Trust Dividend Strength ETF Stock Performance

The stock’s 50 day moving average price is $64.48 and its 200 day moving average price is $62.01. The company has a market capitalization of $39.77 million, a P/E ratio of 14.53 and a beta of 0.82.

First Trust Dividend Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.1928 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.77 annualized dividend and a yield of 1.2%.

Institutional Trading of First Trust Dividend Strength ETF

A number of large investors have recently bought and sold shares of the business. CreativeOne Wealth LLC bought a new position in shares of First Trust Dividend Strength ETF in the 3rd quarter worth about $543,000. Susquehanna International Group LLP boosted its position in shares of First Trust Dividend Strength ETF by 41.0% during the 3rd quarter. Susquehanna International Group LLP now owns 13,222 shares of the company’s stock valued at $735,000 after purchasing an additional 3,844 shares in the last quarter. Truist Financial Corp acquired a new stake in First Trust Dividend Strength ETF during the fourth quarter worth approximately $220,000. Northwestern Mutual Wealth Management Co. acquired a new stake in First Trust Dividend Strength ETF during the fourth quarter worth approximately $169,000. Finally, LPL Financial LLC lifted its stake in First Trust Dividend Strength ETF by 5.7% in the fourth quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock valued at $7,834,000 after buying an additional 7,495 shares during the period.

First Trust Dividend Strength ETF Company Profile

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.