Archer Investment Corp Trims Stock Position in First Trust Capital Strength ETF $FTCS

Archer Investment Corp trimmed its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,440 shares of the company’s stock after selling 5,423 shares during the quarter. First Trust Capital Strength ETF makes up approximately 6.8% of Archer Investment Corp’s holdings, making the stock its largest position. Archer Investment Corp’s holdings in First Trust Capital Strength ETF were worth $30,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FTCS. American Financial Advisors LLC grew its stake in First Trust Capital Strength ETF by 2.8% during the 3rd quarter. American Financial Advisors LLC now owns 378,332 shares of the company’s stock worth $35,427,000 after buying an additional 10,294 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of First Trust Capital Strength ETF by 547.1% during the second quarter. Bank of Montreal Can now owns 660 shares of the company’s stock valued at $60,000 after acquiring an additional 558 shares during the period. Randall & Associates Wealth Management grew its position in shares of First Trust Capital Strength ETF by 4.9% during the third quarter. Randall & Associates Wealth Management now owns 272,526 shares of the company’s stock worth $25,519,000 after acquiring an additional 12,783 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of First Trust Capital Strength ETF by 14.9% during the third quarter. Arkadios Wealth Advisors now owns 100,380 shares of the company’s stock worth $9,400,000 after acquiring an additional 13,014 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of First Trust Capital Strength ETF by 76.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 53,051 shares of the company’s stock worth $4,822,000 after acquiring an additional 22,966 shares during the period.

First Trust Capital Strength ETF Trading Down 0.2%

NASDAQ FTCS opened at $95.93 on Thursday. The company has a 50-day moving average price of $93.57 and a two-hundred day moving average price of $92.76. First Trust Capital Strength ETF has a 52 week low of $80.65 and a 52 week high of $96.50. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80.

First Trust Capital Strength ETF Increases Dividend

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

About First Trust Capital Strength ETF

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.