Financial Advocates Investment Management Sells 139 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Financial Advocates Investment Management lessened its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,793 shares of the company’s stock after selling 139 shares during the period. Financial Advocates Investment Management’s holdings in First Trust Capital Strength ETF were worth $3,522,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in shares of First Trust Capital Strength ETF during the third quarter worth approximately $401,000. TFB Advisors LLC acquired a new stake in shares of First Trust Capital Strength ETF in the first quarter valued at approximately $249,000. American Financial Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 1.3% in the second quarter. American Financial Advisors LLC now owns 400,256 shares of the company’s stock valued at $33,637,000 after buying an additional 5,099 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of First Trust Capital Strength ETF in the third quarter valued at approximately $405,000. Finally, Headlands Technologies LLC acquired a new stake in shares of First Trust Capital Strength ETF in the first quarter valued at approximately $33,000.

First Trust Capital Strength ETF Trading Up 0.2 %

NASDAQ FTCS opened at $90.02 on Thursday. First Trust Capital Strength ETF has a 1-year low of $72.06 and a 1-year high of $93.05. The company has a 50 day moving average of $90.51 and a 200-day moving average of $86.53. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.2566 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.14%.

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).