First Trust Capital Strength ETF (NASDAQ:FTCS) Hits New 1-Year High – Time to Buy?

Shares of First Trust Capital Strength ETF (NASDAQ:FTCS) hit a new 52-week high on Tuesday . The company traded as high as $100.45 and last traded at $100.41, with a volume of 57019 shares changing hands. The stock had previously closed at $98.48.

First Trust Capital Strength ETF Trading Up 0.2%

The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71. The firm has a 50 day moving average price of $95.05 and a 200-day moving average price of $95.09.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.2636 per share. This represents a $1.05 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Capital Strength ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Investors Research Corp purchased a new stake in shares of First Trust Capital Strength ETF in the second quarter valued at about $16,354,000. Heck Capital Advisors LLC increased its stake in shares of First Trust Capital Strength ETF by 2.2% during the 2nd quarter. Heck Capital Advisors LLC now owns 187,487 shares of the company’s stock worth $17,609,000 after purchasing an additional 4,093 shares in the last quarter. City Holding Co. increased its stake in shares of First Trust Capital Strength ETF by 6.0% during the 2nd quarter. City Holding Co. now owns 10,383 shares of the company’s stock worth $975,000 after purchasing an additional 590 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of First Trust Capital Strength ETF during the 2nd quarter worth approximately $101,000. Finally, First Heartland Consultants Inc. raised its position in shares of First Trust Capital Strength ETF by 15.0% during the 2nd quarter. First Heartland Consultants Inc. now owns 4,592 shares of the company’s stock worth $431,000 after purchasing an additional 598 shares during the last quarter.

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.