First Trust Capital Strength ETF (NASDAQ:FTCS) Sees Large Volume Increase – Time to Buy?

Shares of First Trust Capital Strength ETF (NASDAQ:FTCSGet Free Report) saw unusually-strong trading volume on Friday . Approximately 590,983 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 565,796 shares.The stock last traded at $93.88 and had previously closed at $93.33.

First Trust Capital Strength ETF Price Performance

The stock’s 50-day moving average price is $93.26 and its 200 day moving average price is $94.28. The firm has a market cap of $7.89 billion, a P/E ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.2873 dividend. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Capital Strength ETF

A number of institutional investors have recently made changes to their positions in FTCS. Two Sigma Investments LP lifted its position in shares of First Trust Capital Strength ETF by 1,226.4% in the third quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock worth $26,828,000 after purchasing an additional 264,900 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd bought a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth $16,633,000. Bank Hapoalim BM bought a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth $14,709,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Capital Strength ETF by 39.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock worth $42,775,000 after purchasing an additional 131,322 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth $10,376,000.

About First Trust Capital Strength ETF

(Get Free Report)

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.

Further Reading

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