BlueChip Wealth Advisors LLC Acquires Shares of 35,175 First Trust Capital Strength ETF (NASDAQ:FTCS)

BlueChip Wealth Advisors LLC acquired a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 35,175 shares of the company’s stock, valued at approximately $2,815,000. First Trust Capital Strength ETF accounts for about 2.0% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 14th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in First Trust Capital Strength ETF by 7.3% during the third quarter. PNC Financial Services Group Inc. now owns 123,683 shares of the company’s stock worth $9,107,000 after acquiring an additional 8,459 shares during the period. WCG Wealth Advisors LLC raised its stake in shares of First Trust Capital Strength ETF by 69.3% in the third quarter. WCG Wealth Advisors LLC now owns 24,738 shares of the company’s stock valued at $1,821,000 after buying an additional 10,127 shares during the period. Prudential PLC bought a new stake in shares of First Trust Capital Strength ETF in the third quarter valued at $2,835,000. Wealthsource Partners LLC raised its stake in shares of First Trust Capital Strength ETF by 21.4% in the third quarter. Wealthsource Partners LLC now owns 10,082 shares of the company’s stock valued at $742,000 after buying an additional 1,780 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of First Trust Capital Strength ETF in the third quarter valued at $5,725,000.

First Trust Capital Strength ETF Price Performance

Shares of FTCS traded up $0.87 during mid-day trading on Monday, hitting $84.63. The stock had a trading volume of 270,959 shares, compared to its average volume of 330,394. The firm has a market cap of $8.87 billion, a P/E ratio of 21.52 and a beta of 0.86. The business has a fifty day moving average price of $83.18 and a 200-day moving average price of $82.27. First Trust Capital Strength ETF has a 52 week low of $71.11 and a 52 week 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. Stockholders of record on Friday, March 22nd were given a $0.2247 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, March 21st.

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).