Wedbush Securities Inc. Buys 45,292 Shares of First Trust Capital Strength ETF $FTCS

Wedbush Securities Inc. increased its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 156.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,283 shares of the company’s stock after purchasing an additional 45,292 shares during the period. Wedbush Securities Inc. owned approximately 0.08% of First Trust Capital Strength ETF worth $6,752,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FTCS. Jones Financial Companies Lllp boosted its position in First Trust Capital Strength ETF by 74.0% during 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. NewEdge Advisors LLC increased its stake in shares of First Trust Capital Strength ETF by 16.0% during the first quarter. NewEdge Advisors LLC now owns 201,010 shares of the company’s stock valued at $18,019,000 after buying an additional 27,742 shares during the period. Heck Capital Advisors LLC increased its position in First Trust Capital Strength ETF by 15.9% during the 2nd quarter. Heck Capital Advisors LLC now owns 230,609 shares of the company’s stock valued at $20,960,000 after purchasing an additional 31,579 shares during the period. SteelPeak Wealth LLC bought a new position in First Trust Capital Strength ETF in the second quarter worth about $203,000. Finally, Intellus Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 2.5% in the 1st quarter. Intellus Advisors LLC now owns 56,569 shares of the company’s stock worth $5,071,000 after acquiring an additional 1,398 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

NASDAQ:FTCS opened at $91.34 on Friday. The company’s 50-day simple moving average is $92.72 and its 200 day simple moving average is $91.47. First Trust Capital Strength ETF has a one year low of $80.65 and a one year high of $94.37. The firm has a market capitalization of $8.18 billion, a P/E ratio of 21.51 and a beta of 0.80.

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 given a dividend of $0.2527 per share. This represents a $1.01 dividend on an annualized basis and a yield of 1.1%. This is a positive change 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).