First Trust Capital Strength ETF $FTCS Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lessened its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 453,934 shares of the company’s stock after selling 6,616 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.58% of First Trust Capital Strength ETF worth $42,633,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP lifted its holdings in shares of First Trust Capital Strength ETF by 1,226.4% during the third quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock valued at $26,828,000 after purchasing an additional 264,900 shares during the last quarter. Evelyn Partners Investment Management Europe Ltd purchased a new position in First Trust Capital Strength ETF in the 4th quarter worth about $16,633,000. Investors Research Corp acquired a new stake in First Trust Capital Strength ETF during the 2nd quarter worth about $16,354,000. Bank Hapoalim BM acquired a new stake in First Trust Capital Strength ETF during the 4th quarter worth about $14,709,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Capital Strength ETF by 39.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock valued at $42,775,000 after buying an additional 131,322 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

Shares of FTCS opened at $100.59 on Friday. The company has a 50-day moving average of $98.70 and a two-hundred day moving average of $95.80. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70. First Trust Capital Strength ETF has a one year low of $89.76 and a one year high of $102.93.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.2636 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%.

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.