First Trust Capital Strength ETF (NASDAQ:FTCS) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 18.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 348,993 shares of the company’s stock after acquiring an additional 55,142 shares during the period. First Trust Capital Strength ETF makes up 0.9% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Concurrent Investment Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $31,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FTCS. Sequoia Financial Advisors LLC purchased a new position in First Trust Capital Strength ETF in the third quarter worth $401,000. American Financial Advisors LLC increased its holdings in shares of First Trust Capital Strength ETF by 1.3% in the 2nd quarter. American Financial Advisors LLC now owns 400,256 shares of the company’s stock valued at $33,637,000 after purchasing an additional 5,099 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of First Trust Capital Strength ETF in the third quarter valued at about $405,000. Headlands Technologies LLC purchased a new stake in First Trust Capital Strength ETF during the first quarter worth about $33,000. Finally, Brookstone Capital Management grew its position in First Trust Capital Strength ETF by 7.4% during the second quarter. Brookstone Capital Management now owns 5,990 shares of the company’s stock worth $520,000 after buying an additional 415 shares during the period.

First Trust Capital Strength ETF Price Performance

Shares of FTCS stock traded up $1.22 during midday trading on Wednesday, reaching $91.32. 23,495 shares of the company traded hands, compared to its average volume of 307,165. The firm’s 50 day simple moving average is $90.53 and its two-hundred day simple moving average is $86.81. The firm has a market cap of $9.01 billion, a PE ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 1-year low of $74.33 and a 1-year high of $93.05.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.2566 dividend. This represents a $1.03 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, September 26th.

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).