KPP Advisory Services LLC Trims Stock Position in First Trust Capital Strength ETF $FTCS

KPP Advisory Services LLC trimmed its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 44.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,679 shares of the company’s stock after selling 37,093 shares during the period. KPP Advisory Services LLC’s holdings in First Trust Capital Strength ETF were worth $4,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTCS. Bank of America Corp DE grew its holdings in First Trust Capital Strength ETF by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock valued at $155,806,000 after buying an additional 25,024 shares during the last quarter. Ameriprise Financial Inc. increased its position in First Trust Capital Strength ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock worth $88,750,000 after purchasing an additional 22,849 shares in the last quarter. Truist Financial Corp raised its stake in First Trust Capital Strength ETF by 0.4% in the 2nd quarter. Truist Financial Corp now owns 571,494 shares of the company’s stock valued at $51,943,000 after purchasing an additional 2,171 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of First Trust Capital Strength ETF by 3.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 455,404 shares of the company’s stock worth $42,644,000 after purchasing an additional 13,532 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its holdings in shares of First Trust Capital Strength ETF by 1.8% during the third quarter. Silver Oak Securities Incorporated now owns 438,255 shares of the company’s stock worth $41,038,000 after buying an additional 7,944 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

NASDAQ:FTCS opened at $96.31 on Tuesday. The firm has a market cap of $8.26 billion, a PE ratio of 21.51 and a beta of 0.80. The firm has a 50 day simple moving average of $93.35 and a 200-day simple moving average of $92.70. First Trust Capital Strength ETF has a 1-year low of $80.65 and a 1-year high of $96.50.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.2607 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25.

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.