Trueblood Wealth Management LLC Reduces Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Trueblood Wealth Management LLC lowered its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 8.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 21,093 shares of the company’s stock after selling 2,071 shares during the quarter. First Trust Capital Strength ETF accounts for about 0.9% of Trueblood Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Trueblood Wealth Management LLC’s holdings in First Trust Capital Strength ETF were worth $1,891,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tcfg Wealth Management LLC boosted its stake in shares of First Trust Capital Strength ETF by 0.4% during the 4th quarter. Tcfg Wealth Management LLC now owns 32,202 shares of the company’s stock valued at $2,828,000 after purchasing an additional 115 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in First Trust Capital Strength ETF by 2.7% in the fourth quarter. Moors & Cabot Inc. now owns 4,720 shares of the company’s stock worth $414,000 after buying an additional 122 shares during the period. Tyler Stone Wealth Management boosted its position in First Trust Capital Strength ETF by 1.1% during the 4th quarter. Tyler Stone Wealth Management now owns 11,923 shares of the company’s stock valued at $1,047,000 after acquiring an additional 134 shares in the last quarter. Capital Square LLC boosted its position in First Trust Capital Strength ETF by 1.6% during the 4th quarter. Capital Square LLC now owns 8,763 shares of the company’s stock valued at $788,000 after acquiring an additional 138 shares in the last quarter. Finally, REAP Financial Group LLC grew its holdings in shares of First Trust Capital Strength ETF by 2.2% during the 4th quarter. REAP Financial Group LLC now owns 7,172 shares of the company’s stock worth $630,000 after acquiring an additional 153 shares during the period.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ:FTCS opened at $91.14 on Wednesday. The firm has a market capitalization of $8.45 billion, a P/E ratio of 22.61 and a beta of 0.82. The stock has a 50 day moving average price of $88.53 and a 200-day moving average price of $89.30. First Trust Capital Strength ETF has a 52-week low of $80.66 and a 52-week high of $94.23.

First Trust Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.2159 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 0.95%.

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).