D.A. Davidson & CO. Increases Stake in First Trust Capital Strength ETF $FTCS

D.A. Davidson & CO. raised its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 283,547 shares of the company’s stock after acquiring an additional 6,228 shares during the quarter. D.A. Davidson & CO. owned approximately 0.32% of First Trust Capital Strength ETF worth $26,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of First Trust Capital Strength ETF by 503.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,234,549 shares of the company’s stock valued at $200,305,000 after purchasing an additional 1,864,116 shares during the period. Bank of America Corp DE grew its position in First Trust Capital Strength ETF by 1.5% during the second quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock valued at $155,806,000 after buying an additional 25,024 shares during the period. Ameriprise Financial Inc. increased its holdings in First Trust Capital Strength ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock valued at $88,750,000 after buying an additional 22,849 shares in the last quarter. Truist Financial Corp raised its position in shares of First Trust Capital Strength ETF by 0.4% in the second quarter. Truist Financial Corp now owns 571,494 shares of the company’s stock worth $51,943,000 after acquiring an additional 2,171 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 5.9% in the second quarter. Concurrent Investment Advisors LLC now owns 441,872 shares of the company’s stock worth $40,162,000 after acquiring an additional 24,798 shares during the period.

First Trust Capital Strength ETF Price Performance

FTCS stock opened at $92.51 on Monday. First Trust Capital Strength ETF has a 52-week low of $80.65 and a 52-week high of $94.37. The firm has a market cap of $8.06 billion, a P/E ratio of 21.51 and a beta of 0.80. The company’s 50-day simple moving average is $92.18 and its 200-day simple moving average is $92.20.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.2607 per share. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, December 12th.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.