First Trust Capital Strength ETF (NASDAQ:FTCS) Hits New 1-Year High – Time to Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $93.12 and last traded at $93.11, with a volume of 21590 shares changing hands. The stock had previously closed at $92.65.

First Trust Capital Strength ETF Trading Down 0.2 %

The company has a market cap of $9.11 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. The company has a fifty day moving average price of $90.72 and a two-hundred day moving average price of $87.16.

First Trust Capital Strength ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust Capital Strength ETF

Several hedge funds and other institutional investors have recently modified their holdings of FTCS. Raymond James Financial Services Advisors Inc. raised its position in First Trust Capital Strength ETF by 5.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,407,234 shares of the company’s stock valued at $286,344,000 after purchasing an additional 190,799 shares during the last quarter. International Assets Investment Management LLC raised its position in First Trust Capital Strength ETF by 8,647.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,124,647 shares of the company’s stock valued at $283,718,000 after purchasing an additional 3,088,928 shares during the last quarter. Cetera Investment Advisers raised its position in First Trust Capital Strength ETF by 195.0% in the 1st quarter. Cetera Investment Advisers now owns 1,563,977 shares of the company’s stock valued at $133,955,000 after purchasing an additional 1,033,794 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in First Trust Capital Strength ETF by 0.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,082,732 shares of the company’s stock valued at $90,993,000 after purchasing an additional 7,761 shares during the last quarter. Finally, Cetera Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 51.0% during the first quarter. Cetera Advisors LLC now owns 863,428 shares of the company’s stock worth $73,953,000 after acquiring an additional 291,774 shares during the last quarter.

First Trust Capital Strength ETF Company 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).