First Trust Capital Strength ETF $FTCS Stock: International Assets Investment Management LLC Cuts Holdings

International Assets Investment Management LLC cut its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 72.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,064 shares of the company’s stock after selling 29,272 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Capital Strength ETF were worth $1,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FTCS. Dynamic Advisor Solutions LLC raised its position in shares of First Trust Capital Strength ETF by 0.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 24,796 shares of the company’s stock worth $2,329,000 after purchasing an additional 114 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of First Trust Capital Strength ETF by 34.8% during the third quarter. CoreCap Advisors LLC now owns 546 shares of the company’s stock valued at $51,000 after purchasing an additional 141 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of First Trust Capital Strength ETF by 5.2% in the 1st quarter. Bessemer Group Inc. now owns 2,955 shares of the company’s stock valued at $274,000 after purchasing an additional 145 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in shares of First Trust Capital Strength ETF by 0.8% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 19,909 shares of the company’s stock valued at $1,847,000 after purchasing an additional 149 shares during the period. Finally, Novem Group boosted its position in shares of First Trust Capital Strength ETF by 2.7% in the 3rd quarter. Novem Group now owns 6,918 shares of the company’s stock valued at $649,000 after purchasing an additional 183 shares during the period.

First Trust Capital Strength ETF Trading Up 2.8%

Shares of FTCS opened at $105.70 on Thursday. The business’s 50-day moving average price is $98.24 and its 200 day moving average price is $96.38. The stock has a market capitalization of $8.20 billion, a P/E ratio of 21.51 and a beta of 0.67. First Trust Capital Strength ETF has a 1-year low of $89.76 and a 1-year high of $105.82.

First Trust Capital Strength ETF Increases Dividend

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

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