First Trust Capital Strength ETF (NASDAQ:FTCS) Hits New 52-Week High – Here’s What Happened

First Trust Capital Strength ETF (NASDAQ:FTCS)’s share price hit a new 52-week high during trading on Friday. The stock traded as high as $103.58 and last traded at $102.7370, with a volume of 69,726 shares changing hands. The stock had previously closed at $100.41.

First Trust Capital Strength ETF Stock Up 0.6%

The stock has a market capitalization of $7.95 billion, a PE ratio of 21.51 and a beta of 0.70. The stock’s 50 day moving average price is $98.08 and its 200-day moving average price is $96.22.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.3332 dividend. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.33 annualized dividend and a yield of 1.3%.

Institutional Trading of First Trust Capital Strength ETF

Several institutional investors and hedge funds have recently modified their holdings of FTCS. D.A. Davidson & CO. purchased a new stake in First Trust Capital Strength ETF during the 3rd quarter valued at about $26,112,000. Investors Research Corp purchased a new position in First Trust Capital Strength ETF during the second quarter worth approximately $16,354,000. Oppenheimer & Co. Inc. purchased a new stake in First Trust Capital Strength ETF in the 3rd quarter worth $12,562,000. NI Acquisitions Company LLC purchased a new position in First Trust Capital Strength ETF in the 2nd quarter valued at about $8,494,000. Finally, Gateway Wealth Partners LLC boosted its stake in shares of First Trust Capital Strength ETF by 99.2% in the first quarter. Gateway Wealth Partners LLC now owns 169,052 shares of the company’s stock worth $15,681,000 after acquiring an additional 84,185 shares during the last quarter.

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.