First Trust Capital Strength ETF (NASDAQ:FTCS) Sets New 12-Month High – Should You Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $91.23 and last traded at $91.18, with a volume of 12281 shares. The stock had previously closed at $90.77.

First Trust Capital Strength ETF Stock Performance

The firm’s 50 day moving average is $89.19 and its 200-day moving average is $85.85. The company has a market cap of $9.07 billion, a PE ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.2566 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.12%.

Institutional Investors Weigh In On First Trust Capital Strength ETF

A number of hedge funds have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC lifted its stake in shares of First Trust Capital Strength ETF by 5.9% during the fourth quarter. ICA Group Wealth Management LLC now owns 92,608 shares of the company’s stock worth $7,413,000 after purchasing an additional 5,121 shares in the last quarter. TFB Advisors LLC bought a new stake in First Trust Capital Strength ETF during the first quarter worth approximately $249,000. Scarborough Advisors LLC increased its position in First Trust Capital Strength ETF by 1.9% during the fourth quarter. Scarborough Advisors LLC now owns 192,615 shares of the company’s stock worth $15,417,000 after acquiring an additional 3,598 shares during the period. American Financial Advisors LLC boosted its position in shares of First Trust Capital Strength ETF by 1.3% during the 2nd quarter. American Financial Advisors LLC now owns 400,256 shares of the company’s stock valued at $33,637,000 after acquiring an additional 5,099 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of First Trust Capital Strength ETF by 8.1% in the fourth quarter. Harbour Investments Inc. now owns 600,467 shares of the company’s stock valued at $48,061,000 after acquiring an additional 45,218 shares during the last quarter.

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).