Hershey Financial Advisers LLC Buys New Stake in First Trust Capital Strength ETF $FTCS

Hershey Financial Advisers LLC bought a new stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,505 shares of the company’s stock, valued at approximately $1,160,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of First Trust Capital Strength ETF by 1.5% in the second quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock worth $155,806,000 after purchasing an additional 25,024 shares in the last quarter. UBS Group AG increased its holdings in shares of First Trust Capital Strength ETF by 0.8% during the fourth quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock valued at $131,380,000 after purchasing an additional 11,966 shares during the period. Royal Bank of Canada raised its stake in shares of First Trust Capital Strength ETF by 1.9% during the fourth quarter. Royal Bank of Canada now owns 1,181,806 shares of the company’s stock valued at $109,332,000 after purchasing an additional 22,147 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of First Trust Capital Strength ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock valued at $88,750,000 after purchasing an additional 22,849 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of First Trust Capital Strength ETF by 3.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 470,218 shares of the company’s stock valued at $43,501,000 after purchasing an additional 14,814 shares in the last quarter.

First Trust Capital Strength ETF Stock Down 1.0%

FTCS stock opened at $96.94 on Friday. The company has a market capitalization of $7.86 billion, a P/E ratio of 21.51 and a beta of 0.71. The company has a 50-day simple moving average of $94.29 and a 200 day simple moving average of $94.84. First Trust Capital Strength ETF has a fifty-two week low of $89.76 and a fifty-two week high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.2636 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 25th.

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.