Bank of America Corp DE Has $150.60 Million Stock Holdings in First Trust Capital Strength ETF (NASDAQ:FTCS)

Bank of America Corp DE increased its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 57.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,714,864 shares of the company’s stock after purchasing an additional 628,128 shares during the quarter. Bank of America Corp DE owned approximately 1.74% of First Trust Capital Strength ETF worth $150,599,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTCS. Raymond James Financial Inc. bought a new position in shares of First Trust Capital Strength ETF in the fourth quarter valued at approximately $494,019,000. Wealthfront Advisers LLC acquired a new position in First Trust Capital Strength ETF in the fourth quarter worth $59,656,000. Pollock Investment Advisors LLC bought a new stake in shares of First Trust Capital Strength ETF during the fourth quarter worth $48,383,000. SRS Capital Advisors Inc. increased its stake in shares of First Trust Capital Strength ETF by 1,793.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 326,589 shares of the company’s stock valued at $28,681,000 after buying an additional 309,338 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of First Trust Capital Strength ETF by 5,063.8% in the fourth quarter. Independent Advisor Alliance now owns 250,288 shares of the company’s stock valued at $21,980,000 after buying an additional 245,441 shares during the last quarter.

First Trust Capital Strength ETF Stock Down 0.4 %

Shares of NASDAQ:FTCS opened at $88.94 on Friday. The firm has a market cap of $8.30 billion, a P/E ratio of 22.61 and a beta of 0.86. First Trust Capital Strength ETF has a 12 month low of $80.66 and a 12 month high of $94.23. The company’s 50-day moving average price is $87.72 and its two-hundred day moving average price is $89.34.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2159 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Thursday, March 27th.

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).