American Financial Advisors LLC Sells 9,066 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

American Financial Advisors LLC decreased its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 391,190 shares of the company’s stock after selling 9,066 shares during the period. First Trust Capital Strength ETF comprises approximately 4.8% of American Financial Advisors LLC’s holdings, making the stock its 7th largest holding. American Financial Advisors LLC owned 0.40% of First Trust Capital Strength ETF worth $35,520,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Kingswood Wealth Advisors LLC increased its stake in First Trust Capital Strength ETF by 0.3% in the second quarter. Kingswood Wealth Advisors LLC now owns 42,866 shares of the company’s stock valued at $3,603,000 after acquiring an additional 122 shares during the period. Clarity Capital Partners LLC raised its holdings in shares of First Trust Capital Strength ETF by 4.3% in the 1st quarter. Clarity Capital Partners LLC now owns 3,121 shares of the company’s stock worth $267,000 after buying an additional 128 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of First Trust Capital Strength ETF by 0.8% in the 2nd quarter. SRS Capital Advisors Inc. now owns 17,102 shares of the company’s stock worth $1,437,000 after buying an additional 138 shares in the last quarter. Herold Advisors Inc. lifted its position in shares of First Trust Capital Strength ETF by 1.6% during the 2nd quarter. Herold Advisors Inc. now owns 9,033 shares of the company’s stock worth $759,000 after buying an additional 139 shares during the period. Finally, Cherry Creek Investment Advisors Inc. boosted its stake in First Trust Capital Strength ETF by 0.8% in the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 18,644 shares of the company’s stock valued at $1,693,000 after buying an additional 157 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

NASDAQ:FTCS remained flat at $90.26 during trading hours on Tuesday. The company’s stock had a trading volume of 83,476 shares, compared to its average volume of 309,313. The business has a 50 day simple moving average of $90.48 and a 200-day simple moving average of $86.48. First Trust Capital Strength ETF has a 52-week low of $71.58 and a 52-week high of $93.05. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.2566 dividend. This represents a $1.03 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 26th.

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).