PFG Advisors Reduces Stock Position in First Trust Capital Strength ETF $FTCS

PFG Advisors trimmed its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 17.9% in the second quarter, Holdings Channel.com reports. The fund owned 92,476 shares of the company’s stock after selling 20,182 shares during the period. PFG Advisors’ holdings in First Trust Capital Strength ETF were worth $8,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new position in First Trust Capital Strength ETF during the second quarter worth $25,000. Abound Wealth Management purchased a new position in shares of First Trust Capital Strength ETF in the second quarter valued at $32,000. Flaharty Asset Management LLC acquired a new position in shares of First Trust Capital Strength ETF during the 1st quarter worth $37,000. BankPlus Trust Department boosted its position in shares of 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 in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of First Trust Capital Strength ETF by 64.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 489 shares of the company’s stock worth $44,000 after buying an additional 192 shares in the last quarter.

First Trust Capital Strength ETF Trading Up 0.9%

NASDAQ:FTCS opened at $91.34 on Friday. The company has a market capitalization of $8.18 billion, a P/E ratio of 21.51 and a beta of 0.80. The firm has a 50-day moving average price of $92.72 and a two-hundred day moving average price of $91.51. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.2527 per share. 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.

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).