Northwestern Mutual Wealth Management Co. Reduces Position in First Trust Capital Strength ETF $FTCS

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,141 shares of the company’s stock after selling 22,922 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.36% of First Trust Capital Strength ETF worth $28,507,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bank of America Corp DE grew its stake in First Trust Capital Strength ETF by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock valued at $155,806,000 after acquiring an additional 25,024 shares in the last quarter. UBS Group AG grew its stake in shares of First Trust Capital Strength ETF by 0.8% in the 4th quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock valued at $131,380,000 after buying an additional 11,966 shares during the period. Ameriprise Financial Inc. grew its stake in shares of First Trust Capital Strength ETF by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock valued at $88,750,000 after buying an additional 22,849 shares during the period. Jones Financial Companies Lllp grew its stake in shares of First Trust Capital Strength ETF by 19.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 665,115 shares of the company’s stock valued at $61,760,000 after buying an additional 110,480 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in shares of First Trust Capital Strength ETF by 3.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 470,218 shares of the company’s stock valued at $43,501,000 after buying an additional 14,814 shares during the period.

First Trust Capital Strength ETF Price Performance

First Trust Capital Strength ETF stock opened at $93.27 on Monday. The firm has a 50 day simple moving average of $93.24 and a 200-day simple moving average of $94.27. First Trust Capital Strength ETF has a 1-year low of $88.70 and a 1-year high of $99.74. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 21.51 and a beta of 0.73.

First Trust Capital Strength ETF Increases Dividend

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

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.