Independent Wealth Network Inc. Purchases 657 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Independent Wealth Network Inc. lifted its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 3.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 19,786 shares of the company’s stock after acquiring an additional 657 shares during the quarter. First Trust Capital Strength ETF makes up approximately 0.9% of Independent Wealth Network Inc.’s portfolio, making the stock its 23rd biggest position. Independent Wealth Network Inc.’s holdings in First Trust Capital Strength ETF were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in First Trust Capital Strength ETF by 24.1% in the first quarter. JPMorgan Chase & Co. now owns 16,667 shares of the company’s stock valued at $1,303,000 after purchasing an additional 3,236 shares during the last quarter. Bank of New York Mellon Corp grew its stake in First Trust Capital Strength ETF by 148.3% in the first quarter. Bank of New York Mellon Corp now owns 7,367 shares of the company’s stock valued at $576,000 after purchasing an additional 4,400 shares during the last quarter. Moors & Cabot Inc. grew its stake in First Trust Capital Strength ETF by 16.4% in the first quarter. Moors & Cabot Inc. now owns 5,118 shares of the company’s stock valued at $400,000 after purchasing an additional 720 shares during the last quarter. NewEdge Advisors LLC grew its stake in First Trust Capital Strength ETF by 52.6% in the first quarter. NewEdge Advisors LLC now owns 169,577 shares of the company’s stock valued at $13,261,000 after purchasing an additional 58,451 shares during the last quarter. Finally, Equitable Holdings Inc. grew its stake in First Trust Capital Strength ETF by 1.7% in the first quarter. Equitable Holdings Inc. now owns 136,374 shares of the company’s stock valued at $10,664,000 after purchasing an additional 2,271 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

FTCS traded down $0.40 on Tuesday, hitting $75.83. The company had a trading volume of 66,185 shares, compared to its average volume of 386,770. The stock has a fifty day moving average price of $75.97 and a 200-day moving average price of $74.25. First Trust Capital Strength ETF has a 12-month low of $66.01 and a 12-month high of $79.34. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 19.66 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were paid a $0.2368 dividend. The ex-dividend date was Tuesday, June 27th. This represents a $0.95 annualized dividend and a yield of 1.25%.

First Trust Capital Strength ETF Company Profile

First Trust Capital Strength ETF, formerly First Trust Strategic Value Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Credit Suisse U.S. Value Index, Powered by HOLT (the Index). The Index is developed, maintained and sponsored by Credit Suisse Securities (USA) LLC and Credit Suisse Group AG (collectively, the Index Provider).