First Trust Dividend Strength ETF (NASDAQ:FTDS) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of First Trust Dividend Strength ETF (NASDAQ:FTDS) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,421 shares of the company’s stock after acquiring an additional 4,164 shares during the period. LPL Financial LLC owned about 0.27% of First Trust Dividend Strength ETF worth $6,896,000 at the end of the most recent reporting period.

Separately, Truist Financial Corp increased its stake in shares of First Trust Dividend Strength ETF by 27.7% during the 4th quarter. Truist Financial Corp now owns 5,626 shares of the company’s stock worth $284,000 after purchasing an additional 1,221 shares in the last quarter.

First Trust Dividend Strength ETF Price Performance

Shares of First Trust Dividend Strength ETF stock opened at $46.59 on Monday. First Trust Dividend Strength ETF has a 1 year low of $46.09 and a 1 year high of $55.33. The business has a 50 day moving average price of $51.37 and a 200 day moving average price of $52.07. The company has a market capitalization of $23.30 million, a P/E ratio of 12.91 and a beta of 1.01.

First Trust Dividend Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.219 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.88%.

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.