Kaydan Wealth Management Inc. Takes $1.02 Million Position in First Trust Capital Strength ETF $FTCS

Kaydan Wealth Management Inc. acquired a new position in First Trust Capital Strength ETF (NASDAQ:FTCS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,898 shares of the company’s stock, valued at approximately $1,024,000.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in First Trust Capital Strength ETF by 1.5% during the second quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock valued at $155,806,000 after purchasing an additional 25,024 shares in the last quarter. Royal Bank of Canada increased its position in First Trust Capital Strength ETF by 1.9% in the fourth quarter. Royal Bank of Canada now owns 1,181,806 shares of the company’s stock worth $109,332,000 after buying 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% in the second quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock worth $88,750,000 after buying an additional 22,849 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Capital Strength ETF by 39.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock worth $42,775,000 after buying an additional 131,322 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of First Trust Capital Strength ETF by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 418,008 shares of the company’s stock valued at $38,671,000 after buying an additional 16,707 shares in the last quarter.

First Trust Capital Strength ETF Trading Down 1.0%

Shares of NASDAQ:FTCS opened at $99.56 on Friday. The stock has a 50 day moving average of $98.81 and a 200 day moving average of $95.83. The company has a market cap of $7.90 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 $102.93.

First Trust Capital Strength ETF Cuts Dividend

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

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.