Sovran Advisors LLC Cuts Stock Holdings in First Trust Capital Strength ETF $FTCS

Sovran Advisors LLC decreased its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 5.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 18,907 shares of the company’s stock after selling 1,154 shares during the period. Sovran Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $1,731,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new position in First Trust Capital Strength ETF during the 1st quarter valued at about $29,000. Flaharty Asset Management LLC purchased a new position in shares of First Trust Capital Strength ETF in the 1st quarter worth approximately $37,000. BankPlus Trust Department grew its position in shares of First Trust Capital Strength ETF by 145.1% in the 1st quarter. BankPlus Trust Department now owns 429 shares of the company’s stock worth $38,000 after buying an additional 254 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of First Trust Capital Strength ETF by 64.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 489 shares of the company’s stock worth $44,000 after buying an additional 192 shares during the last quarter. Finally, Compass Financial Services Inc purchased a new position in shares of First Trust Capital Strength ETF in the 1st quarter worth approximately $48,000.

First Trust Capital Strength ETF Stock Down 0.2%

Shares of First Trust Capital Strength ETF stock opened at $92.56 on Friday. The firm’s 50 day moving average price is $92.20 and its 200-day moving average price is $90.20. First Trust Capital Strength ETF has a 52-week low of $80.65 and a 52-week high of $94.37. The company has a market cap of $8.48 billion, a P/E ratio of 21.51 and a beta of 0.86.

First Trust Capital Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.2334 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 26th. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.22.

About First Trust Capital Strength ETF

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).