Redstone Wealth Management LLC Makes New Investment in First Trust Capital Strength ETF $FTCS

Redstone Wealth Management LLC acquired a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,683 shares of the company’s stock, valued at approximately $803,000. First Trust Capital Strength ETF comprises about 0.6% of Redstone Wealth Management LLC’s holdings, making the stock its 20th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC grew its stake in First Trust Capital Strength ETF by 348.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 69,830 shares of the company’s stock worth $6,460,000 after buying an additional 54,271 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in First Trust Capital Strength ETF by 19.4% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 186,554 shares of the company’s stock worth $17,258,000 after buying an additional 30,287 shares during the last quarter. Commonwealth Financial Services LLC grew its stake in First Trust Capital Strength ETF by 8.7% during the fourth quarter. Commonwealth Financial Services LLC now owns 95,165 shares of the company’s stock worth $8,804,000 after buying an additional 7,611 shares during the last quarter. Intellus Advisors LLC grew its stake in First Trust Capital Strength ETF by 5.6% during the fourth quarter. Intellus Advisors LLC now owns 59,491 shares of the company’s stock worth $5,504,000 after buying an additional 3,165 shares during the last quarter. Finally, Mach 1 Financial Group LLC bought a new stake in First Trust Capital Strength ETF during the fourth quarter worth about $361,000.

First Trust Capital Strength ETF Stock Performance

Shares of First Trust Capital Strength ETF stock opened at $94.51 on Monday. First Trust Capital Strength ETF has a 1-year low of $88.70 and a 1-year high of $99.74. The firm’s 50-day moving average price is $93.27 and its two-hundred day moving average price is $94.17. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 21.51 and a beta of 0.73.

First Trust Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.2873 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.2%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, March 26th.

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