FSB Premier Wealth Management Inc. Acquires Shares of 18,640 First Trust SMID Capital Strength ETF (NASDAQ:FSCS)

FSB Premier Wealth Management Inc. bought a new position in First Trust SMID Capital Strength ETF (NASDAQ:FSCS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,640 shares of the company’s stock, valued at approximately $660,000.

Several other institutional investors also recently modified their holdings of FSCS. Pinnacle Bancorp Inc. bought a new stake in First Trust SMID Capital Strength ETF during the fourth quarter worth $31,000. Allworth Financial LP purchased a new stake in shares of First Trust SMID Capital Strength ETF during the 4th quarter valued at $32,000. Global Retirement Partners LLC bought a new stake in shares of First Trust SMID Capital Strength ETF during the 4th quarter worth $35,000. Geneos Wealth Management Inc. purchased a new position in shares of First Trust SMID Capital Strength ETF in the 4th quarter worth about $39,000. Finally, Independent Advisor Alliance purchased a new stake in First Trust SMID Capital Strength ETF in the fourth quarter worth $200,000.

First Trust SMID Capital Strength ETF Stock Performance

Shares of First Trust SMID Capital Strength ETF stock opened at $34.41 on Monday. The stock has a market capitalization of $24.08 million, a P/E ratio of 16.31 and a beta of 1.16. The stock’s 50-day simple moving average is $35.55 and its 200 day simple moving average is $35.88. First Trust SMID Capital Strength ETF has a 52-week low of $31.36 and a 52-week high of $38.61.

First Trust SMID Capital Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.0389 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.45%.

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.