First Trust Capital Strength ETF (NASDAQ:FTCS) Sets New 1-Year High – What’s Next?

Shares of First Trust Capital Strength ETF (NASDAQ:FTCS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $93.46 and last traded at $93.34, with a volume of 23859 shares. The stock had previously closed at $92.82.

First Trust Capital Strength ETF Stock Up 0.5 %

The business’s fifty day moving average is $91.09 and its two-hundred day moving average is $87.75. The firm has a market cap of $9.25 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 paid a $0.2566 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.03 annualized dividend and a dividend yield of 1.10%.

Hedge Funds Weigh In On First Trust Capital Strength ETF

Several large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in shares of First Trust Capital Strength ETF in the 3rd quarter valued at about $401,000. Truvestments Capital LLC bought a new position in First Trust Capital Strength ETF during the 3rd quarter worth approximately $2,714,000. Concurrent Investment Advisors LLC increased its stake in First Trust Capital Strength ETF by 18.8% in the third quarter. Concurrent Investment Advisors LLC now owns 348,993 shares of the company’s stock valued at $31,689,000 after purchasing an additional 55,142 shares in the last quarter. American Financial Advisors LLC raised its holdings in First Trust Capital Strength ETF by 1.3% in the second quarter. American Financial Advisors LLC now owns 400,256 shares of the company’s stock worth $33,637,000 after purchasing an additional 5,099 shares during the period. Finally, Wesbanco Bank Inc. bought a new position in shares of First Trust Capital Strength ETF during the third quarter worth $405,000.

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).