Confluence Wealth Services Inc. Makes New Investment in First Trust Capital Strength ETF $FTCS

Confluence Wealth Services Inc. purchased a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,651 shares of the company’s stock, valued at approximately $1,695,000.

Several other hedge funds also recently modified their holdings of FTCS. Goldman Sachs Group Inc. grew its position in First Trust Capital Strength ETF by 503.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,234,549 shares of the company’s stock worth $200,305,000 after acquiring an additional 1,864,116 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of First Trust Capital Strength ETF during the first quarter worth about $131,493,000. Kingswood Wealth Advisors LLC grew its holdings in shares of First Trust Capital Strength ETF by 200.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 283,288 shares of the company’s stock worth $25,407,000 after purchasing an additional 188,868 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of First Trust Capital Strength ETF by 74.0% in the first quarter. Jones Financial Companies Lllp now owns 430,512 shares of the company’s stock valued at $38,148,000 after buying an additional 183,074 shares during the period. Finally, LPL Financial LLC raised its holdings in First Trust Capital Strength ETF by 1.6% in the 1st quarter. LPL Financial LLC now owns 7,664,395 shares of the company’s stock valued at $687,036,000 after buying an additional 121,726 shares during the last quarter.

First Trust Capital Strength ETF Price Performance

FTCS opened at $93.66 on Monday. First Trust Capital Strength ETF has a fifty-two week low of $80.65 and a fifty-two week high of $94.37. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 21.51 and a beta of 0.86. The company’s 50 day moving average price is $92.58 and its two-hundred day moving average price is $90.51.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.2527 dividend. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.23. This represents a $1.01 dividend on an annualized basis and a yield of 1.1%.

First Trust Capital Strength ETF 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).