Parallel Advisors LLC Buys 10,127 Shares of First Trust Capital Strength ETF $FTCS

Parallel Advisors LLC grew its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 3,375.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,427 shares of the company’s stock after buying an additional 10,127 shares during the quarter. Parallel Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $967,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FTCS. IFS Group LLC purchased a new position in First Trust Capital Strength ETF in the first quarter worth $3,231,000. Claris Financial LLC lifted its stake in First Trust Capital Strength ETF by 0.4% during the first quarter. Claris Financial LLC now owns 58,425 shares of the company’s stock worth $5,419,000 after purchasing an additional 261 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in First Trust Capital Strength ETF by 99.2% during the first quarter. Gateway Wealth Partners LLC now owns 169,052 shares of the company’s stock worth $15,681,000 after purchasing an additional 84,185 shares during the last quarter. Everest Financial Group LLC bought a new stake in First Trust Capital Strength ETF during the first quarter worth about $637,000. Finally, Waverly Advisors LLC boosted its holdings in shares of First Trust Capital Strength ETF by 5.1% in the 1st quarter. Waverly Advisors LLC now owns 14,558 shares of the company’s stock worth $1,350,000 after purchasing an additional 713 shares in the last quarter.

First Trust Capital Strength ETF Trading Up 0.3%

Shares of First Trust Capital Strength ETF stock opened at $100.18 on Friday. The firm has a market capitalization of $7.95 billion, a PE ratio of 21.51 and a beta of 0.70. First Trust Capital Strength ETF has a 12 month low of $89.76 and a 12 month high of $101.12. The business’s 50-day moving average price is $95.84 and its 200-day moving average price is $95.29.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.2636 dividend. 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 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.