Bison Wealth LLC Cuts Stock Holdings in First Trust Capital Strength ETF (NASDAQ:FTCS)

Bison Wealth LLC lowered its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,125 shares of the company’s stock after selling 1,438 shares during the period. Bison Wealth LLC’s holdings in First Trust Capital Strength ETF were worth $1,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of First Trust Capital Strength ETF by 4.7% in the fourth quarter. GAMMA Investing LLC now owns 9,317 shares of the company’s stock worth $818,000 after buying an additional 419 shares during the period. Blue Trust Inc. increased its position in shares of First Trust Capital Strength ETF by 2,593.6% in the fourth quarter. Blue Trust Inc. now owns 2,101 shares of the company’s stock valued at $185,000 after acquiring an additional 2,023 shares during the period. US Bancorp DE raised its stake in shares of First Trust Capital Strength ETF by 7.5% during the fourth quarter. US Bancorp DE now owns 10,880 shares of the company’s stock valued at $955,000 after acquiring an additional 761 shares during the last quarter. Allworth Financial LP raised its stake in shares of First Trust Capital Strength ETF by 3.1% during the fourth quarter. Allworth Financial LP now owns 8,991 shares of the company’s stock valued at $807,000 after acquiring an additional 267 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of First Trust Capital Strength ETF during the fourth quarter worth about $59,656,000.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS stock opened at $87.82 on Wednesday. First Trust Capital Strength ETF has a fifty-two week low of $80.66 and a fifty-two week high of $94.23. The firm has a market cap of $8.20 billion, a P/E ratio of 22.61 and a beta of 0.86. The business’s 50 day moving average price is $87.95 and its 200-day moving average price is $89.51.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2159 dividend. This represents a $0.86 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 27th.

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).