Commonwealth Equity Services LLC Decreases Stock Holdings in First Trust Capital Strength ETF $FTCS

Commonwealth Equity Services LLC lowered its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,121,253 shares of the company’s stock after selling 19,756 shares during the quarter. Commonwealth Equity Services LLC’s holdings in First Trust Capital Strength ETF were worth $104,994,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Capital Strength ETF during the second quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position in First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares during the last quarter. Davis Capital Management purchased a new stake in First Trust Capital Strength ETF in the 3rd quarter worth approximately $28,000. Princeton Global Asset Management LLC bought a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter worth approximately $29,000. Finally, Mather Group LLC. purchased a new position in shares of First Trust Capital Strength ETF during the third quarter valued at approximately $30,000.

First Trust Capital Strength ETF Stock Up 1.1%

NASDAQ:FTCS opened at $93.53 on Tuesday. The firm’s fifty day simple moving average is $92.18 and its 200 day simple moving average is $92.23. The stock has a market cap of $8.15 billion, a P/E ratio of 21.51 and a beta of 0.80. First Trust Capital Strength ETF has a twelve month low of $80.65 and a twelve month high of $94.37.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.2607 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25.

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.