First Trust Capital Strength ETF $FTCS is American Financial Advisors LLC’s 7th Largest Position

American Financial Advisors LLC lowered its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 368,038 shares of the company’s stock after selling 7,360 shares during the quarter. First Trust Capital Strength ETF accounts for about 4.7% of American Financial Advisors LLC’s holdings, making the stock its 7th biggest holding. American Financial Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $33,451,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its holdings in shares of First Trust Capital Strength ETF by 6.7% during the first quarter. Sequoia Financial Advisors LLC now owns 4,736 shares of the company’s stock valued at $425,000 after buying an additional 298 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of First Trust Capital Strength ETF by 5.5% in the first quarter. HBK Sorce Advisory LLC now owns 220,563 shares of the company’s stock valued at $19,771,000 after purchasing an additional 11,589 shares during the period. Merit Financial Group LLC purchased a new position in shares of First Trust Capital Strength ETF in the first quarter worth about $200,000. GAMMA Investing LLC boosted its position in First Trust Capital Strength ETF by 3.9% in the first quarter. GAMMA Investing LLC now owns 9,679 shares of the company’s stock valued at $868,000 after buying an additional 362 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in First Trust Capital Strength ETF in the fourth quarter valued at approximately $208,000.

First Trust Capital Strength ETF Trading Up 0.4%

Shares of NASDAQ FTCS opened at $92.71 on Thursday. The company has a 50 day simple moving average of $92.18 and a two-hundred day simple moving average of $90.19. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 21.51 and a beta of 0.86. First Trust Capital Strength ETF has a 12 month low of $80.65 and a 12 month high of $94.37.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a $0.2334 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.22. This represents a $0.93 annualized dividend and a yield of 1.0%.

About First Trust Capital Strength ETF

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).