Bank of America Corp DE Buys 628,128 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Bank of America Corp DE lifted its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 57.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,714,864 shares of the company’s stock after buying an additional 628,128 shares during the quarter. Bank of America Corp DE’s holdings in First Trust Capital Strength ETF were worth $150,599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. ORG Partners LLC boosted its holdings in shares of First Trust Capital Strength ETF by 535.7% during the fourth quarter. ORG Partners LLC now owns 4,450 shares of the company’s stock worth $391,000 after acquiring an additional 3,750 shares during the period. HBW Advisory Services LLC boosted its stake in First Trust Capital Strength ETF by 303.8% in the 4th quarter. HBW Advisory Services LLC now owns 9,583 shares of the company’s stock valued at $842,000 after purchasing an additional 7,210 shares during the period. Lynch & Associates IN grew its holdings in First Trust Capital Strength ETF by 8.6% in the 4th quarter. Lynch & Associates IN now owns 6,105 shares of the company’s stock valued at $536,000 after buying an additional 483 shares in the last quarter. Envision Financial LLC bought a new position in First Trust Capital Strength ETF during the 4th quarter worth $2,318,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of First Trust Capital Strength ETF by 73.7% during the fourth quarter. AdvisorNet Financial Inc now owns 6,036 shares of the company’s stock worth $530,000 after buying an additional 2,562 shares in the last quarter.

First Trust Capital Strength ETF Stock Performance

FTCS stock opened at $88.94 on Friday. First Trust Capital Strength ETF has a 52 week low of $80.66 and a 52 week high of $94.23. The company has a market capitalization of $8.30 billion, a PE ratio of 22.61 and a beta of 0.86. The company’s 50-day simple moving average is $87.72 and its 200 day simple moving average is $89.34.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.2159 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 0.97%.

About First Trust Capital Strength ETF

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).