Independent Financial Group LLC Makes New $4.33 Million Investment in First Trust Capital Strength ETF $FTCS

Independent Financial Group LLC acquired a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 46,621 shares of the company’s stock, valued at approximately $4,325,000.

Other large investors have also recently made changes to their positions in the company. Holos Integrated Wealth LLC acquired a new stake in First Trust Capital Strength ETF during the 4th quarter worth about $1,105,000. Crux Wealth Advisors lifted its holdings in shares of First Trust Capital Strength ETF by 392.8% during the fourth quarter. Crux Wealth Advisors now owns 30,872 shares of the company’s stock worth $2,856,000 after purchasing an additional 24,608 shares during the period. tru Independence LLC lifted its holdings in shares of First Trust Capital Strength ETF by 8.3% during the fourth quarter. tru Independence LLC now owns 177,567 shares of the company’s stock worth $16,427,000 after purchasing an additional 13,662 shares during the period. Plus Group Wealth Advisors LLC purchased a new stake in First Trust Capital Strength ETF in the fourth quarter valued at approximately $1,675,000. Finally, Galvin Gaustad & Stein LLC purchased a new stake in First Trust Capital Strength ETF in the fourth quarter valued at approximately $973,000.

First Trust Capital Strength ETF Trading Down 1.0%

Shares of NASDAQ:FTCS opened at $96.94 on Friday. First Trust Capital Strength ETF has a twelve month low of $89.76 and a twelve month high of $99.74. The company’s 50 day moving average is $94.29 and its 200 day moving average is $94.84. The company has a market cap of $7.86 billion, a PE ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.2636 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 25th.

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