Cottonwood Capital Advisors LLC Decreases Stock Position in First Trust Capital Strength ETF $FTCS

Cottonwood Capital Advisors LLC reduced its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,517 shares of the company’s stock after selling 257 shares during the period. First Trust Capital Strength ETF makes up approximately 1.2% of Cottonwood Capital Advisors LLC’s holdings, making the stock its 23rd largest holding. Cottonwood Capital Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $1,774,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Capital Strength ETF in the second quarter worth $25,000. CENTRAL TRUST Co purchased a new position in shares of First Trust Capital Strength ETF in the first quarter valued at $29,000. Abound Wealth Management purchased a new position in shares of First Trust Capital Strength ETF in the second quarter valued at $32,000. Flaharty Asset Management LLC purchased a new position in shares of First Trust Capital Strength ETF in the first quarter valued at $37,000. Finally, BankPlus Trust Department grew its position in shares of First Trust Capital Strength ETF by 145.1% in the first quarter. BankPlus Trust Department now owns 429 shares of the company’s stock valued at $38,000 after purchasing an additional 254 shares in the last quarter.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ FTCS opened at $92.79 on Friday. The stock has a market cap of $8.34 billion, a PE ratio of 21.51 and a beta of 0.86. First Trust Capital Strength ETF has a fifty-two week low of $80.65 and a fifty-two week high of $94.37. The stock has a fifty day moving average of $92.93 and a 200-day moving average of $90.77.

First Trust Capital Strength ETF Increases Dividend

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

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).