1776 Wealth LLC Sells 1,015 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

1776 Wealth LLC cut its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,658 shares of the company’s stock after selling 1,015 shares during the period. First Trust Capital Strength ETF comprises approximately 1.1% of 1776 Wealth LLC’s portfolio, making the stock its 19th largest holding. 1776 Wealth LLC’s holdings in First Trust Capital Strength ETF were worth $2,605,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FTCS. Kestra Investment Management LLC bought a new stake in First Trust Capital Strength ETF in the fourth quarter worth $38,000. Knuff & Co LLC purchased a new position in shares of First Trust Capital Strength ETF in the fourth quarter valued at about $88,000. Stephens Consulting LLC increased its position in shares of First Trust Capital Strength ETF by 20.7% in the fourth quarter. Stephens Consulting LLC now owns 1,069 shares of the company’s stock valued at $94,000 after acquiring an additional 183 shares during the period. Thompson Investment Management Inc. purchased a new position in shares of First Trust Capital Strength ETF in the fourth quarter valued at about $116,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of First Trust Capital Strength ETF in the third quarter valued at about $123,000.

First Trust Capital Strength ETF Trading Down 1.3 %

FTCS stock opened at $87.40 on Thursday. The firm’s 50-day moving average price is $89.47 and its two-hundred day moving average price is $90.30. First Trust Capital Strength ETF has a 12-month low of $81.16 and a 12-month high of $94.23. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 23.44 and a beta of 0.86.

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).