First Trust Capital Strength ETF (NASDAQ:FTCS) Stake Cut by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 22.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,463 shares of the company’s stock after selling 39,058 shares during the quarter. First Horizon Advisors Inc. owned 0.13% of First Trust Capital Strength ETF worth $10,923,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CENTRAL TRUST Co acquired a new position in shares of First Trust Capital Strength ETF during the third quarter valued at $26,000. Hexagon Capital Partners LLC acquired a new position in First Trust Capital Strength ETF during the fourth quarter worth about $44,000. Anchor Investment Management LLC acquired a new position in First Trust Capital Strength ETF during the fourth quarter worth about $64,000. Criterion Capital Advisors LLC acquired a new position in First Trust Capital Strength ETF during the fourth quarter worth about $73,000. Finally, Tucker Asset Management LLC increased its stake in First Trust Capital Strength ETF by 43.6% in the 3rd quarter. Tucker Asset Management LLC now owns 952 shares of the company’s stock worth $70,000 after purchasing an additional 289 shares in the last quarter.

First Trust Capital Strength ETF Stock Performance

FTCS traded up $0.59 during trading on Friday, reaching $82.34. The company had a trading volume of 358,872 shares, compared to its average volume of 344,558. The firm’s 50-day simple moving average is $83.70 and its 200 day simple moving average is $80.27. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 21.13 and a beta of 0.86. First Trust Capital Strength ETF has a 12-month low of $70.91 and a 12-month high of $85.89.

First Trust Capital Strength ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a $0.2247 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.09%.

First Trust Capital Strength ETF 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).