Archer Investment Corp Boosts Stake in Small Cap US Equity Select ETF (NASDAQ:RNSC)

Archer Investment Corp increased its holdings in Small Cap US Equity Select ETF (NASDAQ:RNSC) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,250 shares of the company’s stock after buying an additional 377 shares during the period. Archer Investment Corp owned 2.26% of Small Cap US Equity Select ETF worth $581,000 as of its most recent SEC filing.

Small Cap US Equity Select ETF Price Performance

NASDAQ:RNSC traded down $0.31 during trading hours on Friday, hitting $31.32. The stock had a trading volume of 289 shares, compared to its average volume of 5,970. The company has a 50 day simple moving average of $29.97 and a two-hundred day simple moving average of $28.97. Small Cap US Equity Select ETF has a one year low of $25.86 and a one year high of $32.37. The firm has a market capitalization of $26.62 million, a price-to-earnings ratio of 12.26 and a beta of 1.16.

Small Cap US Equity Select ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1361 dividend. This represents a $0.54 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 26th.

Small Cap US Equity Select ETF Company Profile

The First Trust Small Cap US Equity Select ETF (RNSC) is an exchange-traded fund that is based on the Nasdaq Riskalyze US Small Cap index. The fund tracks a dividend-selected, tier-weighted index of small-cap US equities. RNSC was launched on Jun 20, 2017 and is managed by First Trust.