Thoroughbred Financial Services LLC Trims Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Thoroughbred Financial Services LLC cut its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 10.3% in the first quarter, HoldingsChannel.com reports. The firm owned 11,280 shares of the company’s stock after selling 1,298 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in First Trust Capital Strength ETF were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mendel Capital Management LLC boosted its position in shares of First Trust Capital Strength ETF by 24.1% during the fourth quarter. Mendel Capital Management LLC now owns 3,746 shares of the company’s stock worth $300,000 after acquiring an additional 728 shares during the last quarter. ORBA Wealth Advisors L.L.C. bought a new stake in shares of First Trust Capital Strength ETF in the 4th quarter worth about $4,227,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of First Trust Capital Strength ETF by 42.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 81,141 shares of the company’s stock worth $6,452,000 after acquiring an additional 24,262 shares during the last quarter. Holistic Financial Partners increased its stake in 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 worth $8,343,000 after buying an additional 6,694 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in First Trust Capital Strength ETF by 10.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 86,154 shares of the company’s stock worth $6,896,000 after buying an additional 8,405 shares during the period.

First Trust Capital Strength ETF Stock Up 0.6 %

FTCS stock traded up $0.54 during trading on Tuesday, hitting $86.05. The company had a trading volume of 174,021 shares, compared to its average volume of 331,563. The company has a 50 day simple moving average of $84.09 and a 200-day simple moving average of $83.08. The firm has a market capitalization of $8.72 billion, a P/E ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 52-week low of $71.11 and a 52-week high of $86.28.

First Trust Capital Strength ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.2843 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.32%. 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).