Commonwealth Equity Services LLC Lowers Holdings in First Trust Capital Strength ETF $FTCS

Commonwealth Equity Services LLC trimmed its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 18.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,141,009 shares of the company’s stock after selling 259,719 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.25% of First Trust Capital Strength ETF worth $103,706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Capital Strength ETF during the 2nd quarter valued at approximately $25,000. Abound Wealth Management bought a new position in shares of First Trust Capital Strength ETF during the second quarter valued at approximately $32,000. Flaharty Asset Management LLC bought a new position in First Trust Capital Strength ETF in the 1st quarter valued at $37,000. BankPlus Trust Department increased its stake in First Trust Capital Strength ETF by 145.1% in the 1st quarter. BankPlus Trust Department now owns 429 shares of the company’s stock worth $38,000 after buying an additional 254 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its position in shares of First Trust Capital Strength ETF by 64.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 489 shares of the company’s stock worth $44,000 after acquiring an additional 192 shares during the period.

First Trust Capital Strength ETF Stock Down 0.5%

Shares of NASDAQ FTCS opened at $90.55 on Friday. The business has a fifty day simple moving average of $92.76 and a two-hundred day simple moving average of $91.43. The firm has a market cap of $8.11 billion, a PE ratio of 21.51 and a beta of 0.80. First Trust Capital Strength ETF has a twelve month low of $80.65 and a twelve month high of $94.37.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.2527 dividend. The ex-dividend date was Thursday, September 25th. This represents a $1.01 annualized dividend and a dividend yield of 1.1%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.23.

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).