Kovack Advisors Inc. Boosts Stock Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Kovack Advisors Inc. grew its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,701 shares of the company’s stock after purchasing an additional 371 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Capital Strength ETF were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FTCS. Oppenheimer & Co. Inc. grew its holdings in shares of First Trust Capital Strength ETF by 2.6% in the third quarter. Oppenheimer & Co. Inc. now owns 146,333 shares of the company’s stock worth $13,287,000 after purchasing an additional 3,768 shares during the last quarter. Savvy Advisors Inc. boosted its position in First Trust Capital Strength ETF by 6.6% in the 3rd quarter. Savvy Advisors Inc. now owns 12,764 shares of the company’s stock valued at $1,159,000 after buying an additional 793 shares during the period. Proactive Wealth Strategies LLC bought a new position in First Trust Capital Strength ETF in the 3rd quarter worth about $582,000. Harbour Investments Inc. increased its position in shares of First Trust Capital Strength ETF by 3.1% during the third quarter. Harbour Investments Inc. now owns 622,696 shares of the company’s stock worth $56,541,000 after acquiring an additional 18,569 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of First Trust Capital Strength ETF by 2.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 51,749 shares of the company’s stock valued at $4,699,000 after acquiring an additional 1,482 shares in the last quarter.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ FTCS opened at $92.35 on Thursday. First Trust Capital Strength ETF has a 52-week low of $75.54 and a 52-week high of $93.12. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. The stock has a 50 day moving average price of $90.76 and a 200 day moving average price of $87.19.

First Trust Capital Strength ETF Cuts Dividend

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

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).