Kingsview Wealth Management LLC Decreases Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Kingsview Wealth Management LLC reduced its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,000 shares of the company’s stock after selling 21,044 shares during the period. Kingsview Wealth Management LLC’s holdings in First Trust Capital Strength ETF were worth $6,323,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of First Trust Capital Strength ETF by 49.2% during the third quarter. Bank of New York Mellon Corp now owns 100,839 shares of the company’s stock worth $7,425,000 after purchasing an additional 33,272 shares in the last quarter. Investors Research Corp lifted its stake in First Trust Capital Strength ETF by 4.0% in the third quarter. Investors Research Corp now owns 105,468 shares of the company’s stock valued at $7,766,000 after buying an additional 4,040 shares during the last quarter. Nilsine Partners LLC grew its position in shares of First Trust Capital Strength ETF by 3.1% during the third quarter. Nilsine Partners LLC now owns 112,656 shares of the company’s stock worth $8,295,000 after acquiring an additional 3,401 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in shares of First Trust Capital Strength ETF by 2.5% during the third quarter. Capital Investment Advisory Services LLC now owns 21,813 shares of the company’s stock worth $1,606,000 after acquiring an additional 522 shares during the last quarter. Finally, Kaydan Wealth Management Inc. grew its position in shares of First Trust Capital Strength ETF by 3.6% during the third quarter. Kaydan Wealth Management Inc. now owns 39,502 shares of the company’s stock worth $2,909,000 after acquiring an additional 1,373 shares during the last quarter.

First Trust Capital Strength ETF Price Performance

Shares of FTCS traded up $0.17 during mid-day trading on Friday, reaching $84.74. 271,202 shares of the company’s stock were exchanged, compared to its average volume of 339,453. The stock has a market capitalization of $8.88 billion, a PE ratio of 21.52 and a beta of 0.86. The business’s fifty day simple moving average is $83.65 and its 200-day simple moving average is $81.05. First Trust Capital Strength ETF has a 52-week low of $70.91 and a 52-week high of $85.89.

First Trust Capital Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.2247 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.06%.

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).