Brass Tax Wealth Management Inc. Acquires 290 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Brass Tax Wealth Management Inc. grew its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 8.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,590 shares of the company’s stock after buying an additional 290 shares during the period. Brass Tax Wealth Management Inc.’s holdings in First Trust Capital Strength ETF were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Brookstone Capital Management lifted its holdings in shares of First Trust Capital Strength ETF by 7.4% in the 2nd quarter. Brookstone Capital Management now owns 5,990 shares of the company’s stock worth $520,000 after acquiring an additional 415 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of First Trust Capital Strength ETF by 5.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,407,234 shares of the company’s stock valued at $286,344,000 after buying an additional 190,799 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of First Trust Capital Strength ETF by 1.0% during the second quarter. First Horizon Advisors Inc. now owns 122,148 shares of the company’s stock valued at $10,265,000 after buying an additional 1,223 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of First Trust Capital Strength ETF by 30.8% in the second quarter. Focus Financial Network Inc. now owns 11,346 shares of the company’s stock worth $985,000 after buying an additional 2,673 shares during the period. Finally, Investment Planning Advisors Inc. bought a new stake in shares of First Trust Capital Strength ETF during the 2nd quarter worth approximately $688,000.

First Trust Capital Strength ETF Stock Performance

FTCS stock traded down $0.41 during midday trading on Friday, reaching $90.54. The company’s stock had a trading volume of 46,711 shares, compared to its average volume of 299,997. The firm has a market capitalization of $8.94 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 $78.82 and a 1 year high of $94.23. The stock has a fifty day simple moving average of $91.66 and a two-hundred day simple moving average of $88.47.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.2566 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.03 annualized dividend and a yield of 1.13%.

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).