First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Large Volume Increase – Time to Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS) shares saw strong trading volume on Friday . 590,983 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 565,796 shares.The stock last traded at $93.88 and had previously closed at $93.33.

First Trust Capital Strength ETF Stock Performance

The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71. The firm’s 50-day simple moving average is $93.26 and its two-hundred day simple moving average is $94.28.

First Trust Capital Strength ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Capital Strength ETF

Institutional investors have recently modified their holdings of the business. Concentrum Wealth Management grew its position in shares of First Trust Capital Strength ETF by 5.1% during the 3rd quarter. Concentrum Wealth Management now owns 109,417 shares of the company’s stock worth $10,246,000 after buying an additional 5,341 shares during the period. Holos Integrated Wealth LLC acquired a new stake in shares of First Trust Capital Strength ETF during the 4th quarter worth approximately $1,105,000. Crux Wealth Advisors grew its position in shares of First Trust Capital Strength ETF by 392.8% during the 4th quarter. Crux Wealth Advisors now owns 30,872 shares of the company’s stock worth $2,856,000 after buying an additional 24,608 shares during the period. Stillwater Wealth Management Group acquired a new stake in shares of First Trust Capital Strength ETF during the 3rd quarter worth approximately $1,606,000. Finally, tru Independence LLC grew its position in shares of First Trust Capital Strength ETF by 8.3% during the 4th quarter. tru Independence LLC now owns 177,567 shares of the company’s stock worth $16,427,000 after buying an additional 13,662 shares during the period.

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.