Private Advisor Group LLC Trims Holdings in First Trust Capital Strength ETF $FTCS

Private Advisor Group LLC lowered its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 18.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 531,050 shares of the company’s stock after selling 116,506 shares during the period. Private Advisor Group LLC owned approximately 0.63% of First Trust Capital Strength ETF worth $49,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Two Sigma Investments LP raised its position in First Trust Capital Strength ETF by 1,226.4% during the 3rd quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock worth $26,828,000 after buying an additional 264,900 shares during the last quarter. Evelyn Partners Investment Management Europe Ltd purchased a new stake in shares of First Trust Capital Strength ETF in the 4th quarter valued at $16,633,000. Bank Hapoalim BM acquired a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth $14,709,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Capital Strength ETF by 39.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock worth $42,775,000 after acquiring an additional 131,322 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth $10,376,000.

First Trust Capital Strength ETF Price Performance

Shares of First Trust Capital Strength ETF stock opened at $97.17 on Friday. The stock has a market cap of $7.90 billion, a PE ratio of 21.51 and a beta of 0.71. The firm has a fifty day moving average price of $93.48 and a 200 day moving average price of $94.57. First Trust Capital Strength ETF has a 1 year low of $89.39 and a 1 year high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2636 per share. This represents a $1.05 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 25th.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.