Western Wealth Management LLC Trims Stock Holdings in First Trust Capital Strength ETF (NASDAQ:FTCS)

Western Wealth Management LLC lowered its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 19.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,822 shares of the company’s stock after selling 27,674 shares during the period. First Trust Capital Strength ETF accounts for approximately 0.7% of Western Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Western Wealth Management LLC’s holdings in First Trust Capital Strength ETF were worth $10,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTCS. Sequoia Financial Advisors LLC raised its stake in First Trust Capital Strength ETF by 6.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,736 shares of the company’s stock valued at $425,000 after purchasing an additional 298 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of First Trust Capital Strength ETF by 5.5% during the 1st quarter. HBK Sorce Advisory LLC now owns 220,563 shares of the company’s stock worth $19,771,000 after purchasing an additional 11,589 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of First Trust Capital Strength ETF by 96.9% during the first quarter. Golden State Wealth Management LLC now owns 235,591 shares of the company’s stock worth $21,119,000 after buying an additional 115,931 shares in the last quarter. Spire Wealth Management acquired a new position in shares of First Trust Capital Strength ETF in the first quarter valued at approximately $756,000. Finally, Daymark Wealth Partners LLC raised its position in shares of First Trust Capital Strength ETF by 0.6% in the first quarter. Daymark Wealth Partners LLC now owns 30,943 shares of the company’s stock valued at $2,774,000 after buying an additional 183 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS opened at $89.74 on Thursday. First Trust Capital Strength ETF has a 1 year low of $80.66 and a 1 year high of $94.23. The company’s 50 day simple moving average is $89.59 and its 200 day simple moving average is $89.07. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 22.61 and a beta of 0.86.

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).