Kingswood Wealth Advisors LLC Has $25.41 Million Stake in First Trust Capital Strength ETF (NASDAQ:FTCS)

Kingswood Wealth Advisors LLC increased its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 200.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 283,288 shares of the company’s stock after purchasing an additional 188,868 shares during the quarter. First Trust Capital Strength ETF accounts for about 1.0% of Kingswood Wealth Advisors LLC’s holdings, making the stock its 10th biggest holding. Kingswood Wealth Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $25,407,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FTCS. Raymond James Financial Inc. bought a new position in First Trust Capital Strength ETF in the fourth quarter worth approximately $494,019,000. GAMMA Investing LLC raised its stake in First Trust Capital Strength ETF by 9,212.3% in the first quarter. GAMMA Investing LLC now owns 867,626 shares of the company’s stock worth $77,774,000 after buying an additional 858,309 shares in the last quarter. Wealthfront Advisers LLC bought a new position in First Trust Capital Strength ETF in the fourth quarter worth approximately $59,656,000. Bank of America Corp DE raised its stake in First Trust Capital Strength ETF by 57.8% in the fourth quarter. Bank of America Corp DE now owns 1,714,864 shares of the company’s stock worth $150,599,000 after buying an additional 628,128 shares in the last quarter. Finally, Pollock Investment Advisors LLC bought a new position in First Trust Capital Strength ETF in the fourth quarter worth approximately $48,383,000.

First Trust Capital Strength ETF Trading Down 1.0%

Shares of FTCS stock opened at $89.30 on Wednesday. The business’s fifty day simple moving average is $89.23 and its 200-day simple moving average is $89.18. The company has a market cap of $8.34 billion, a PE ratio of 22.61 and a beta of 0.86. First Trust Capital Strength ETF has a 12-month low of $80.66 and a 12-month high of $94.23.

First Trust Capital Strength ETF Cuts Dividend

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

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).