First Trust Capital Strength ETF $FTCS Shares Newly Bought by Wedbush Securities Inc.

Wedbush Securities Inc. acquired a new position in First Trust Capital Strength ETF (NASDAQ:FTCS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 69,784 shares of the company’s stock, valued at approximately $6,549,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTCS. Eastern Bank bought a new position in shares of First Trust Capital Strength ETF during the 2nd quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in First Trust Capital Strength ETF in the third quarter valued at approximately $30,000. Main Street Group LTD acquired a new stake in First Trust Capital Strength ETF in the first quarter valued at approximately $46,000. Signature Equity Partners LLC acquired a new stake in First Trust Capital Strength ETF in the first quarter valued at approximately $46,000. Finally, CoreCap Advisors LLC boosted its stake in First Trust Capital Strength ETF by 34.8% in the third quarter. CoreCap Advisors LLC now owns 546 shares of the company’s stock valued at $51,000 after acquiring an additional 141 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

NASDAQ FTCS traded down $1.40 on Friday, hitting $100.72. The stock had a trading volume of 444,553 shares, compared to its average volume of 523,385. The business’s fifty day moving average price is $98.06 and its 200 day moving average price is $96.15. First Trust Capital Strength ETF has a 52-week low of $89.76 and a 52-week high of $102.93. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.3332 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636.

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.