International Assets Investment Management LLC Raises Position in First Trust Dividend Strength ETF (NASDAQ:FTDS)

International Assets Investment Management LLC boosted its stake in First Trust Dividend Strength ETF (NASDAQ:FTDS) by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,905 shares of the company’s stock after buying an additional 16,759 shares during the quarter. International Assets Investment Management LLC owned approximately 17.76% of First Trust Dividend Strength ETF worth $3,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in First Trust Dividend Strength ETF by 3.6% in the 3rd quarter. LPL Financial LLC now owns 134,965 shares of the company’s stock valued at $5,664,000 after acquiring an additional 4,748 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in First Trust Dividend Strength ETF in the 4th quarter valued at about $1,956,000. Beck Bode LLC raised its holdings in First Trust Dividend Strength ETF by 2.1% in the 3rd quarter. Beck Bode LLC now owns 28,994 shares of the company’s stock valued at $1,217,000 after acquiring an additional 594 shares during the last quarter. Citadel Advisors LLC raised its holdings in First Trust Dividend Strength ETF by 1.6% in the 2nd quarter. Citadel Advisors LLC now owns 27,210 shares of the company’s stock valued at $1,148,000 after acquiring an additional 441 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in First Trust Dividend Strength ETF by 26.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 8,279 shares of the company’s stock valued at $347,000 after acquiring an additional 1,757 shares during the last quarter.

First Trust Dividend Strength ETF Trading Down 0.6 %

FTDS stock opened at $47.68 on Thursday. The company has a market cap of $21.45 million, a price-to-earnings ratio of 11.99 and a beta of 1.12. First Trust Dividend Strength ETF has a 12 month low of $39.06 and a 12 month high of $50.46. The firm has a 50-day moving average of $48.19 and a two-hundred day moving average of $45.45.

First Trust Dividend Strength ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.1936 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.77 dividend on an annualized basis and a yield of 1.62%.

First Trust Dividend Strength ETF 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.