PNC Financial Services Group Inc. Has $10.76 Million Position in First Trust Capital Strength ETF $FTCS

PNC Financial Services Group Inc. lessened its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,349 shares of the company’s stock after selling 20,625 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.13% of First Trust Capital Strength ETF worth $10,757,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FTCS. PCG Wealth Advisors LLC boosted its position in shares of First Trust Capital Strength ETF by 4.4% during the 2nd quarter. PCG Wealth Advisors LLC now owns 75,280 shares of the company’s stock valued at $6,842,000 after purchasing an additional 3,199 shares in the last quarter. Allworth Financial LP grew its holdings in First Trust Capital Strength ETF by 9.2% during the second quarter. Allworth Financial LP now owns 9,183 shares of the company’s stock worth $835,000 after buying an additional 775 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of First Trust Capital Strength ETF by 1.5% in the second quarter. Prospera Financial Services Inc now owns 232,903 shares of the company’s stock valued at $21,199,000 after purchasing an additional 3,352 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of First Trust Capital Strength ETF by 156.2% during the 2nd quarter. Wedbush Securities Inc. now owns 74,283 shares of the company’s stock worth $6,752,000 after buying an additional 45,292 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its stake in shares of First Trust Capital Strength ETF by 78.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 322,546 shares of the company’s stock worth $29,316,000 after purchasing an additional 142,229 shares during the period.

First Trust Capital Strength ETF Trading Down 0.6%

NASDAQ:FTCS opened at $91.70 on Friday. The firm’s 50 day moving average is $92.62 and its 200 day moving average is $91.68. First Trust Capital Strength ETF has a 12 month low of $80.65 and a 12 month high of $94.37. The stock has a market capitalization of $8.21 billion, a PE ratio of 21.51 and a beta of 0.80.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.2527 dividend. This represents a $1.01 annualized dividend and a dividend yield of 1.1%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, September 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).