Summit Wealth Group LLC Co. cut its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS – Free Report) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,638 shares of the company’s stock after selling 5,191 shares during the period. First Trust Capital Strength ETF makes up 0.6% of Summit Wealth Group LLC Co.’s holdings, making the stock its 28th biggest holding. Summit Wealth Group LLC Co. owned approximately 0.12% of First Trust Capital Strength ETF worth $8,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Eastern Bank purchased a new position in shares of First Trust Capital Strength ETF during the 2nd quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in First Trust Capital Strength ETF in the 3rd quarter valued at approximately $30,000. Main Street Group LTD acquired a new stake in First Trust Capital Strength ETF in the 1st quarter valued at approximately $46,000. Signature Equity Partners LLC acquired a new stake in First Trust Capital Strength ETF in the 1st quarter valued at approximately $46,000. Finally, CoreCap Advisors LLC raised its position in First Trust Capital Strength ETF by 34.8% in the third quarter. CoreCap Advisors LLC now owns 546 shares of the company’s stock valued at $51,000 after purchasing an additional 141 shares during the period.
First Trust Capital Strength ETF Stock Up 1.6%
NASDAQ:FTCS opened at $103.90 on Tuesday. The stock’s fifty day moving average is $98.16 and its two-hundred day moving average is $96.30. First Trust Capital Strength ETF has a 52 week low of $89.76 and a 52 week high of $104.04. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70.
First Trust Capital Strength ETF Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.3332 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.3%.
First Trust Capital Strength ETF 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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.
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