Valmark Advisers Inc. Trims Stock Holdings in First Trust Capital Strength ETF $FTCS

Valmark Advisers Inc. reduced its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 30.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 43,266 shares of the company’s stock after selling 19,311 shares during the quarter. Valmark Advisers Inc.’s holdings in First Trust Capital Strength ETF were worth $4,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FTCS. Caitlin John LLC raised its position in First Trust Capital Strength ETF by 288.0% in the 4th quarter. Caitlin John LLC now owns 291 shares of the company’s stock valued at $27,000 after purchasing an additional 216 shares during the last quarter. BOKF NA purchased a new position in First Trust Capital Strength ETF during the 3rd quarter worth $28,000. EverSource Wealth Advisors LLC grew its position in First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares during the last quarter. Parallel Advisors LLC increased its stake in First Trust Capital Strength ETF by 140.0% in the fourth quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares during the period. Finally, Whittier Trust Co. acquired a new position in First Trust Capital Strength ETF in the fourth quarter valued at $30,000.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ:FTCS opened at $96.61 on Monday. The company has a 50-day simple moving average of $93.92 and a 200-day simple moving average of $94.74. First Trust Capital Strength ETF has a one year low of $89.39 and a one year high of $99.74. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.2636 dividend. This represents a $1.05 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, June 25th.

First Trust Capital Strength ETF Company 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.