Truvestments Capital LLC Buys New Stake in First Trust Capital Strength ETF (NASDAQ:FTCS)

Truvestments Capital LLC purchased a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the third quarter, Holdings Channel reports. The fund purchased 29,886 shares of the company’s stock, valued at approximately $2,714,000.

Several other institutional investors and hedge funds also recently modified their holdings of FTCS. Sequoia Financial Advisors LLC acquired a new stake in First Trust Capital Strength ETF in the third quarter worth about $401,000. Concurrent Investment Advisors LLC lifted its stake in shares of First Trust Capital Strength ETF by 18.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 348,993 shares of the company’s stock worth $31,689,000 after acquiring an additional 55,142 shares during the period. American Financial Advisors LLC boosted its holdings 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 acquiring an additional 5,099 shares in the last quarter. Wesbanco Bank Inc. bought a new position in shares of First Trust Capital Strength ETF in the third quarter valued at approximately $405,000. Finally, Brookstone Capital Management increased its stake in shares of First Trust Capital Strength ETF by 7.4% during the second quarter. Brookstone Capital Management now owns 5,990 shares of the company’s stock valued at $520,000 after acquiring an additional 415 shares during the period.

First Trust Capital Strength ETF Price Performance

Shares of NASDAQ:FTCS opened at $92.82 on Monday. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 12 month low of $76.60 and a 12 month high of $93.12. The stock’s 50 day moving average price is $91.05 and its 200 day moving average price is $87.68.

First Trust Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.2566 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, September 26th.

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).