Inscription Capital LLC Takes $930,000 Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Inscription Capital LLC acquired a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,857 shares of the company’s stock, valued at approximately $930,000.

Several other hedge funds have also recently added to or reduced their stakes in FTCS. Sowell Financial Services LLC purchased a new stake in shares of First Trust Capital Strength ETF in the 1st quarter valued at approximately $1,240,000. Hanson & Doremus Investment Management acquired a new position in shares of First Trust Capital Strength ETF during the 1st quarter worth about $56,000. ORBA Wealth Advisors L.L.C. increased its holdings in shares of First Trust Capital Strength ETF by 15.0% in the 1st quarter. ORBA Wealth Advisors L.L.C. now owns 55,615 shares of the company’s stock valued at $4,985,000 after acquiring an additional 7,258 shares during the last quarter. Morey & Quinn Wealth Partners LLC raised its position in shares of First Trust Capital Strength ETF by 0.7% during the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 87,308 shares of the company’s stock worth $7,826,000 after acquiring an additional 595 shares in the last quarter. Finally, Southland Equity Partners LLC lifted its stake in First Trust Capital Strength ETF by 3.0% during the first quarter. Southland Equity Partners LLC now owns 88,663 shares of the company’s stock worth $7,948,000 after purchasing an additional 2,603 shares during the last quarter.

First Trust Capital Strength ETF Stock Up 0.2%

Shares of FTCS opened at $90.17 on Tuesday. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 22.61 and a beta of 0.86. First Trust Capital Strength ETF has a 52-week low of $80.66 and a 52-week high of $94.23. The stock has a 50 day moving average price of $89.17 and a 200 day moving average price of $89.18.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.2159 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 0.96%.

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).