Belpointe Asset Management LLC Sells 25,567 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Belpointe Asset Management LLC cut its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 65.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,546 shares of the company’s stock after selling 25,567 shares during the quarter. Belpointe Asset Management LLC’s holdings in First Trust Capital Strength ETF were worth $1,138,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FTCS. Strategy Asset Managers LLC raised its position in First Trust Capital Strength ETF by 3.4% in the 2nd quarter. Strategy Asset Managers LLC now owns 29,401 shares of the company’s stock valued at $2,471,000 after buying an additional 970 shares during the last quarter. Archer Investment Corp raised its holdings in shares of First Trust Capital Strength ETF by 1.0% in the second quarter. Archer Investment Corp now owns 294,392 shares of the company’s stock valued at $24,741,000 after purchasing an additional 2,904 shares during the last quarter. Founders Financial Securities LLC lifted its position in shares of First Trust Capital Strength ETF by 114.1% during the second quarter. Founders Financial Securities LLC now owns 8,043 shares of the company’s stock valued at $676,000 after purchasing an additional 4,287 shares in the last quarter. D.A. Davidson & CO. grew its position in First Trust Capital Strength ETF by 2.6% in the 2nd quarter. D.A. Davidson & CO. now owns 336,904 shares of the company’s stock worth $28,313,000 after purchasing an additional 8,565 shares in the last quarter. Finally, Valmark Advisers Inc. increased its stake in First Trust Capital Strength ETF by 2.0% in the 2nd quarter. Valmark Advisers Inc. now owns 164,831 shares of the company’s stock valued at $13,852,000 after buying an additional 3,196 shares during the last quarter.

First Trust Capital Strength ETF Trading Up 0.1 %

FTCS stock opened at $90.34 on Thursday. The stock has a market cap of $9.09 billion, a P/E ratio of 21.52 and a beta of 0.86. The stock’s fifty day simple moving average is $86.57 and its two-hundred day simple moving average is $84.75. First Trust Capital Strength ETF has a 1-year low of $71.11 and a 1-year high of $90.82.

First Trust Capital Strength ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.2843 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.26%.

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).