Key Client Fiduciary Advisors LLC Lowers Stock Holdings in First Trust Capital Strength ETF $FTCS

Key Client Fiduciary Advisors LLC cut its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 85.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,626 shares of the company’s stock after selling 50,548 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its stake in First Trust Capital Strength ETF by 1.5% in the second quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock worth $155,806,000 after purchasing an additional 25,024 shares in the last quarter. Ameriprise Financial Inc. raised its position in First Trust Capital Strength ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock valued at $88,750,000 after purchasing an additional 22,849 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of First Trust Capital Strength ETF by 19.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 665,115 shares of the company’s stock worth $61,760,000 after buying an additional 110,480 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of First Trust Capital Strength ETF by 3.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 455,404 shares of the company’s stock worth $42,644,000 after buying an additional 13,532 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its position in shares of First Trust Capital Strength ETF by 1.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 438,255 shares of the company’s stock worth $41,038,000 after buying an additional 7,944 shares in the last quarter.

First Trust Capital Strength ETF Trading Down 1.0%

Shares of First Trust Capital Strength ETF stock opened at $93.53 on Wednesday. The stock’s fifty day moving average price is $95.24 and its 200-day moving average price is $94.13. The firm has a market cap of $7.90 billion, a P/E ratio of 21.51 and a beta of 0.78. First Trust Capital Strength ETF has a 12 month low of $85.24 and a 12 month high of $99.74.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.2873 per share. This represents a $1.15 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, March 26th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.