Hilton Head Capital Partners LLC Acquires Shares of 30,998 First Trust Capital Strength ETF $FTCS

Hilton Head Capital Partners LLC bought a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the fourth quarter, Holdings Channel reports. The institutional investor bought 30,998 shares of the company’s stock, valued at approximately $2,868,000. First Trust Capital Strength ETF accounts for approximately 1.7% of Hilton Head Capital Partners LLC’s holdings, making the stock its 10th largest position.

Other hedge funds have also recently modified their holdings of the company. Concentrum Wealth Management boosted its holdings in First Trust Capital Strength ETF by 5.1% in the 3rd quarter. Concentrum Wealth Management now owns 109,417 shares of the company’s stock worth $10,246,000 after buying an additional 5,341 shares during the last quarter. Holos Integrated Wealth LLC acquired a new position in shares of First Trust Capital Strength ETF during the fourth quarter valued at approximately $1,105,000. Crux Wealth Advisors raised its holdings in shares of First Trust Capital Strength ETF by 392.8% during the fourth quarter. Crux Wealth Advisors now owns 30,872 shares of the company’s stock valued at $2,856,000 after acquiring an additional 24,608 shares during the last quarter. Stillwater Wealth Management Group purchased a new position in shares of First Trust Capital Strength ETF in the third quarter valued at approximately $1,606,000. Finally, HUB Investment Partners LLC acquired a new stake in shares of First Trust Capital Strength ETF in the third quarter worth approximately $1,947,000.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS opened at $93.72 on Monday. The stock has a 50 day moving average price of $93.27 and a 200 day moving average price of $94.30. First Trust Capital Strength ETF has a one year low of $88.70 and a one year high of $99.74. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.2873 per share. The ex-dividend date of this dividend was Thursday, March 26th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.2%.

First Trust Capital Strength ETF Company 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.