LPL Financial LLC Cuts Stake in First Trust Capital Strength ETF $FTCS

LPL Financial LLC lowered its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,679,621 shares of the company’s stock after selling 397,912 shares during the period. LPL Financial LLC owned about 8.97% of First Trust Capital Strength ETF worth $710,454,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BOKF NA purchased a new position in shares of First Trust Capital Strength ETF during the third quarter valued at $28,000. EverSource Wealth Advisors LLC increased its stake in shares of First Trust Capital Strength ETF by 492.0% during the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the period. Parallel Advisors LLC increased its stake in shares of First Trust Capital Strength ETF by 140.0% during the fourth quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock valued at $28,000 after buying an additional 175 shares during the period. Whittier Trust Co. purchased a new position in shares of First Trust Capital Strength ETF during the fourth quarter valued at $30,000. Finally, Smartleaf Asset Management LLC purchased a new position in shares of First Trust Capital Strength ETF during the second quarter valued at $40,000.

First Trust Capital Strength ETF Stock Performance

Shares of First Trust Capital Strength ETF stock opened at $93.72 on Monday. The firm has a market cap of $7.85 billion, a P/E ratio of 21.51 and a beta of 0.71. First Trust Capital Strength ETF has a 12 month low of $88.70 and a 12 month high of $99.74. The stock’s fifty day moving average price is $93.27 and its 200-day moving average price is $94.30.

First Trust Capital Strength ETF Increases Dividend

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

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