First Trust Capital Strength ETF (NASDAQ:FTCS) Stake Cut by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. decreased its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 43.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,648 shares of the company’s stock after selling 2,012 shares during the period. Financial Gravity Asset Management Inc.’s holdings in First Trust Capital Strength ETF were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Global Assets Advisory LLC grew its position in shares of First Trust Capital Strength ETF by 8,467.2% during the 1st quarter. Global Assets Advisory LLC now owns 1,462,679 shares of the company’s stock valued at $125,278,000 after buying an additional 1,445,606 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust Capital Strength ETF by 195.0% during the first quarter. Cetera Investment Advisers now owns 1,563,977 shares of the company’s stock valued at $133,955,000 after purchasing an additional 1,033,794 shares during the last quarter. Scarborough Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 316.1% during the 4th quarter. Scarborough Advisors LLC now owns 786,475 shares of the company’s stock worth $62,949,000 after purchasing an additional 597,458 shares during the period. Cetera Advisors LLC boosted its position in First Trust Capital Strength ETF by 51.0% during the 1st quarter. Cetera Advisors LLC now owns 863,428 shares of the company’s stock valued at $73,953,000 after purchasing an additional 291,774 shares during the period. Finally, Bennett Associates Wealth Management bought a new position in First Trust Capital Strength ETF during the 4th quarter worth $20,475,000.

First Trust Capital Strength ETF Stock Performance

FTCS stock opened at $88.61 on Friday. The stock’s fifty day moving average is $86.77 and its two-hundred day moving average is $84.84. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 1 year low of $71.11 and a 1 year high of $90.82.

First Trust Capital Strength ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.2843 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.14 annualized dividend and a yield of 1.28%.

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).