Raymond James & Associates Sells 3,258 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Raymond James & Associates cut its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,638,420 shares of the company’s stock after selling 3,258 shares during the quarter. Raymond James & Associates owned 2.61% of First Trust Capital Strength ETF worth $221,733,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTCS. ORBA Wealth Advisors L.L.C. acquired a new position in First Trust Capital Strength ETF in the fourth quarter valued at about $4,227,000. Holistic Financial Partners grew its position in shares of First Trust Capital Strength ETF by 6.9% in the 4th quarter. Holistic Financial Partners now owns 104,230 shares of the company’s stock valued at $8,343,000 after purchasing an additional 6,694 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in First Trust Capital Strength ETF by 10.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 86,154 shares of the company’s stock worth $6,896,000 after purchasing an additional 8,405 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in First Trust Capital Strength ETF by 2.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,490 shares of the company’s stock worth $2,200,000 after buying an additional 635 shares during the period. Finally, Y.D. More Investments Ltd lifted its stake in First Trust Capital Strength ETF by 27.2% in the fourth quarter. Y.D. More Investments Ltd now owns 35,697 shares of the company’s stock valued at $2,855,000 after buying an additional 7,639 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

FTCS stock traded up $0.23 during trading hours on Friday, reaching $87.96. 244,275 shares of the stock were exchanged, compared to its average volume of 336,598. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. The firm’s 50-day moving average is $85.26 and its 200-day moving average is $84.04. First Trust Capital Strength ETF has a 12 month low of $71.11 and a 12 month high of $88.04.

First Trust Capital Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a dividend of $0.2843 per share. This represents a $1.14 annualized dividend and a yield of 1.29%. The ex-dividend date was Thursday, June 27th.

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).