Redstone Wealth Management LLC Takes Position in First Trust Capital Strength ETF $FTCS

Redstone Wealth Management LLC purchased a new stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCSFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,683 shares of the company’s stock, valued at approximately $803,000. First Trust Capital Strength ETF comprises about 0.6% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding.

Several other hedge funds have also modified their holdings of the stock. Axxcess Wealth Management LLC grew its stake in shares of First Trust Capital Strength ETF by 348.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 69,830 shares of the company’s stock valued at $6,460,000 after purchasing an additional 54,271 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of First Trust Capital Strength ETF by 19.4% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 186,554 shares of the company’s stock valued at $17,258,000 after purchasing an additional 30,287 shares during the last quarter. Commonwealth Financial Services LLC grew its stake in shares of First Trust Capital Strength ETF by 8.7% during the fourth quarter. Commonwealth Financial Services LLC now owns 95,165 shares of the company’s stock valued at $8,804,000 after purchasing an additional 7,611 shares during the last quarter. Intellus Advisors LLC grew its stake in shares of First Trust Capital Strength ETF by 5.6% during the fourth quarter. Intellus Advisors LLC now owns 59,491 shares of the company’s stock valued at $5,504,000 after purchasing an additional 3,165 shares during the last quarter. Finally, Mach 1 Financial Group LLC bought a new stake in shares of First Trust Capital Strength ETF during the fourth quarter valued at approximately $361,000.

First Trust Capital Strength ETF Price Performance

FTCS opened at $94.51 on Monday. First Trust Capital Strength ETF has a one year low of $88.70 and a one year high of $99.74. The company’s 50 day simple moving average is $93.27 and its 200-day simple moving average is $94.17. The stock has a market capitalization of $7.92 billion, a P/E ratio of 21.51 and a beta of 0.73.

First Trust Capital Strength ETF Increases Dividend

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

First Trust Capital Strength ETF Company Profile

(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.

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Institutional Ownership by Quarter for First Trust Capital Strength ETF (NASDAQ:FTCS)

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