Waterfront Wealth Inc. Decreases Stake in First Trust Capital Strength ETF (NASDAQ:FTCS)

Waterfront Wealth Inc. reduced its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,627 shares of the company’s stock after selling 564 shares during the period. First Trust Capital Strength ETF accounts for about 0.9% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 26th biggest position. Waterfront Wealth Inc.’s holdings in First Trust Capital Strength ETF were worth $3,246,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FTCS. Global Assets Advisory LLC lifted its position in shares of First Trust Capital Strength ETF by 8,467.2% in the first quarter. Global Assets Advisory LLC now owns 1,462,679 shares of the company’s stock worth $125,278,000 after buying an additional 1,445,606 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Capital Strength ETF by 195.0% in the first quarter. Cetera Investment Advisers now owns 1,563,977 shares of the company’s stock worth $133,955,000 after buying an additional 1,033,794 shares in the last quarter. Scarborough Advisors LLC lifted its position in shares of First Trust Capital Strength ETF by 316.1% in the fourth quarter. Scarborough Advisors LLC now owns 786,475 shares of the company’s stock worth $62,949,000 after buying an additional 597,458 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of First Trust Capital Strength ETF by 51.0% in the first quarter. Cetera Advisors LLC now owns 863,428 shares of the company’s stock worth $73,953,000 after buying an additional 291,774 shares in the last quarter. Finally, Bennett Associates Wealth Management purchased a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth about $20,475,000.

First Trust Capital Strength ETF Stock Performance

FTCS stock traded up $0.61 during midday trading on Friday, reaching $90.72. 206,213 shares of the company traded hands, compared to its average volume of 328,673. First Trust Capital Strength ETF has a 52-week low of $71.11 and a 52-week high of $90.82. The business has a 50 day moving average of $86.26 and a 200-day moving average of $84.57. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2843 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a yield of 1.25%.

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).