Archer Investment Corp Sells 20,085 Shares of First Trust Capital Strength ETF $FTCS

Archer Investment Corp lessened its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 282,951 shares of the company’s stock after selling 20,085 shares during the period. First Trust Capital Strength ETF accounts for 5.6% of Archer Investment Corp’s holdings, making the stock its 2nd biggest position. Archer Investment Corp’s holdings in First Trust Capital Strength ETF were worth $26,247,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Caitlin John LLC boosted its position in First Trust Capital Strength ETF by 288.0% during the fourth quarter. Caitlin John LLC now owns 291 shares of the company’s stock worth $27,000 after purchasing an additional 216 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of First Trust Capital Strength ETF by 492.0% in the second 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. Parallel Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 140.0% in the fourth quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares during the period. BOKF NA bought a new position in shares of First Trust Capital Strength ETF in the third quarter valued at about $28,000. Finally, Whittier Trust Co. acquired a new stake in shares of First Trust Capital Strength ETF during the 4th quarter worth about $30,000.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS stock opened at $96.94 on Tuesday. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71. The company has a 50-day simple moving average of $93.98 and a 200 day simple moving average of $94.76. First Trust Capital Strength ETF has a 52 week low of $89.39 and a 52 week high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2636 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.05 annualized dividend and a yield of 1.1%.

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.