ORBA Wealth Advisors L.L.C. Raises Stock Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

ORBA Wealth Advisors L.L.C. increased its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 15.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,615 shares of the company’s stock after purchasing an additional 7,258 shares during the period. First Trust Capital Strength ETF makes up 2.5% of ORBA Wealth Advisors L.L.C.’s portfolio, making the stock its 11th largest holding. ORBA Wealth Advisors L.L.C. owned about 0.06% of First Trust Capital Strength ETF worth $4,985,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its position in First Trust Capital Strength ETF by 2.3% in the 4th quarter. LPL Financial LLC now owns 7,542,669 shares of the company’s stock valued at $662,397,000 after buying an additional 169,120 shares during the period. Raymond James Financial Inc. purchased a new stake in First Trust Capital Strength ETF during the fourth quarter valued at approximately $494,019,000. Bank of America Corp DE lifted its position in First Trust Capital Strength ETF by 57.8% during the fourth quarter. Bank of America Corp DE now owns 1,714,864 shares of the company’s stock valued at $150,599,000 after acquiring an additional 628,128 shares during the last quarter. Royal Bank of Canada lifted its position in First Trust Capital Strength ETF by 0.3% during the fourth quarter. Royal Bank of Canada now owns 1,406,740 shares of the company’s stock valued at $123,539,000 after acquiring an additional 3,912 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of First Trust Capital Strength ETF by 5.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,101,673 shares of the company’s stock worth $96,749,000 after buying an additional 52,070 shares during the last quarter.

First Trust Capital Strength ETF Trading Down 1.2%

NASDAQ FTCS opened at $89.99 on Friday. The company has a fifty day simple moving average of $89.00 and a two-hundred day simple moving average of $89.24. The stock has a market cap of $8.40 billion, a P/E ratio of 22.61 and a beta of 0.86. First Trust Capital Strength ETF has a 12-month low of $80.66 and a 12-month high of $94.23.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.2159 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 0.96%.

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).