First Trust Capital Strength ETF (NASDAQ:FTCS) Reaches New 1-Year High – Still a Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS)’s share price reached a new 52-week high on Thursday. The stock traded as high as $106.45 and last traded at $106.5090, with a volume of 424 shares traded. The stock had previously closed at $105.70.

First Trust Capital Strength ETF Price Performance

The stock’s fifty day moving average price is $98.24 and its 200-day moving average price is $96.38. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 21.51 and a beta of 0.67.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced 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 is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. This represents a $1.33 dividend on an annualized basis and a yield of 1.3%.

Institutional Trading of First Trust Capital Strength ETF

A number of large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC bought a new stake in shares of First Trust Capital Strength ETF during the third quarter worth $68,130,000. Kestra Advisory Services LLC lifted its position in First Trust Capital Strength ETF by 4.4% in the 1st quarter. Kestra Advisory Services LLC now owns 400,906 shares of the company’s stock valued at $37,188,000 after acquiring an additional 16,831 shares in the last quarter. D.A. Davidson & CO. boosted its stake in First Trust Capital Strength ETF by 0.4% in the 1st quarter. D.A. Davidson & CO. now owns 279,819 shares of the company’s stock worth $25,956,000 after purchasing an additional 1,147 shares during the period. Scarborough Advisors LLC increased its holdings in First Trust Capital Strength ETF by 2.0% during the 1st quarter. Scarborough Advisors LLC now owns 261,092 shares of the company’s stock worth $24,219,000 after purchasing an additional 5,037 shares in the last quarter. Finally, tru Independence LLC raised its holdings in First Trust Capital Strength ETF by 2.6% in the 3rd quarter. tru Independence LLC now owns 204,291 shares of the company’s stock valued at $19,173,000 after acquiring an additional 5,121 shares in 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.