Arax Advisory Partners Takes Position in First Trust Capital Strength ETF $FTCS

Arax Advisory Partners purchased a new stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 109,481 shares of the company’s stock, valued at approximately $10,128,000. Arax Advisory Partners owned about 0.13% of First Trust Capital Strength ETF at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FTCS. AQR Capital Management LLC boosted its position in shares of First Trust Capital Strength ETF by 93.9% during the 1st quarter. AQR Capital Management LLC now owns 5,690 shares of the company’s stock valued at $510,000 after acquiring an additional 2,755 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 246 shares during the last quarter. First Trust Advisors LP boosted its position in shares of First Trust Capital Strength ETF by 43.3% during the 2nd quarter. First Trust Advisors LP now owns 16,738 shares of the company’s stock valued at $1,521,000 after acquiring an additional 5,054 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of First Trust Capital Strength ETF by 491.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 68,187 shares of the company’s stock valued at $6,198,000 after acquiring an additional 56,664 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of First Trust Capital Strength ETF during the 2nd quarter valued at about $511,000.

First Trust Capital Strength ETF Trading Up 0.4%

Shares of FTCS opened at $94.53 on Friday. The company has a market cap of $7.92 billion, a PE ratio of 21.51 and a beta of 0.71. The stock has a 50-day moving average price of $93.43 and a 200-day moving average price of $94.39. First Trust Capital Strength ETF has a 12-month low of $88.70 and a 12-month high of $99.74.

First Trust Capital Strength ETF Increases Dividend

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

First Trust Capital Strength ETF Company 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.