Orion Portfolio Solutions LLC Raises Stock Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Orion Portfolio Solutions LLC increased its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 12.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 32,011 shares of the company’s stock after acquiring an additional 3,602 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in First Trust Capital Strength ETF were worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Kraft Davis & Associates LLC increased its holdings in First Trust Capital Strength ETF by 2.7% in the third quarter. Kraft Davis & Associates LLC now owns 4,423 shares of the company’s stock valued at $395,000 after buying an additional 115 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in First Trust Capital Strength ETF by 0.8% in the second quarter. SRS Capital Advisors Inc. now owns 17,102 shares of the company’s stock valued at $1,437,000 after buying an additional 138 shares in the last quarter. Herold Advisors Inc. increased its holdings in First Trust Capital Strength ETF by 1.6% in the second quarter. Herold Advisors Inc. now owns 9,033 shares of the company’s stock valued at $759,000 after buying an additional 139 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in First Trust Capital Strength ETF by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 9,428 shares of the company’s stock valued at $856,000 after buying an additional 155 shares in the last quarter. Finally, Cherry Creek Investment Advisors Inc. increased its holdings in First Trust Capital Strength ETF by 0.8% in the third 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 Stock Performance

FTCS opened at $91.62 on Wednesday. First Trust Capital Strength ETF has a fifty-two week low of $78.19 and a fifty-two week high of $94.23. The company has a fifty day moving average of $91.63 and a two-hundred day moving average of $88.44. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.2566 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.12%.

First Trust Capital Strength ETF 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).