Northwestern Mutual Wealth Management Co. Reduces Holdings in First Trust Capital Strength ETF $FTCS

Northwestern Mutual Wealth Management Co. decreased its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 308,141 shares of the company’s stock after selling 22,922 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Capital Strength ETF were worth $28,507,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of First Trust Capital Strength ETF by 492.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the period. BOKF NA acquired a new position in shares of First Trust Capital Strength ETF in the 3rd quarter worth approximately $28,000. Whittier Trust Co. acquired a new position in shares of First Trust Capital Strength ETF in the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC acquired a new position in shares of First Trust Capital Strength ETF in the 2nd quarter worth approximately $40,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of First Trust Capital Strength ETF in the 3rd quarter worth approximately $42,000.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS stock opened at $93.27 on Monday. The firm’s 50 day moving average price is $93.24 and its 200-day moving average price is $94.27. First Trust Capital Strength ETF has a one year low of $88.70 and a one year high of $99.74. The firm has a market cap of $7.82 billion, a P/E ratio of 21.51 and a beta of 0.73.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.2873 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.15 annualized dividend and a dividend yield of 1.2%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.