Concurrent Investment Advisors LLC Boosts Stake in First Trust Capital Strength ETF $FTCS

Concurrent Investment Advisors LLC lifted its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,872 shares of the company’s stock after buying an additional 24,798 shares during the quarter. First Trust Capital Strength ETF accounts for 0.8% of Concurrent Investment Advisors LLC’s portfolio, making the stock its 17th biggest holding. Concurrent Investment Advisors LLC owned 0.48% of First Trust Capital Strength ETF worth $40,162,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its position in First Trust Capital Strength ETF by 6.7% during the first quarter. Sequoia Financial Advisors LLC now owns 4,736 shares of the company’s stock worth $425,000 after purchasing an additional 298 shares in the last quarter. HBK Sorce Advisory LLC boosted its position in First Trust Capital Strength ETF by 5.5% during the first quarter. HBK Sorce Advisory LLC now owns 220,563 shares of the company’s stock worth $19,771,000 after purchasing an additional 11,589 shares in the last quarter. GAMMA Investing LLC boosted its position in First Trust Capital Strength ETF by 3.9% during the first quarter. GAMMA Investing LLC now owns 9,679 shares of the company’s stock worth $868,000 after purchasing an additional 362 shares in the last quarter. Merit Financial Group LLC purchased a new stake in First Trust Capital Strength ETF during the first quarter worth $200,000. Finally, NewEdge Advisors LLC boosted its position in First Trust Capital Strength ETF by 16.0% during the first quarter. NewEdge Advisors LLC now owns 201,010 shares of the company’s stock worth $18,019,000 after purchasing an additional 27,742 shares in the last quarter.

First Trust Capital Strength ETF Stock Performance

FTCS opened at $92.40 on Friday. The business’s fifty day moving average is $92.81 and its two-hundred day moving average is $90.66. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 21.51 and a beta of 0.86. First Trust Capital Strength ETF has a one year low of $80.65 and a one year high of $94.37.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.2527 per share. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.23. This represents a $1.01 dividend on an annualized basis and a yield of 1.1%.

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).