Harbour Investments Inc. Boosts Stock Position in First Trust Dividend Strength ETF $FTDS

Harbour Investments Inc. grew its stake in shares of First Trust Dividend Strength ETF (NASDAQ:FTDS) by 40.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,710 shares of the company’s stock after buying an additional 495 shares during the period. Harbour Investments Inc.’s holdings in First Trust Dividend Strength ETF were worth $89,000 at the end of the most recent reporting period.

Separately, Envestnet Asset Management Inc. lifted its position in shares of First Trust Dividend Strength ETF by 26.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,722 shares of the company’s stock valued at $801,000 after buying an additional 3,251 shares in the last quarter.

First Trust Dividend Strength ETF Stock Up 0.8%

FTDS stock opened at $55.26 on Friday. First Trust Dividend Strength ETF has a twelve month low of $44.26 and a twelve month high of $56.38. The stock has a market cap of $24.87 million, a P/E ratio of 14.53 and a beta of 1.12. The business’s 50-day moving average price is $55.29 and its 200-day moving average price is $52.74.

First Trust Dividend Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.2333 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.20.

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.