First Trust Capital Strength ETF (NASDAQ:FTCS) Reaches New 1-Year High – Still a Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS) shares hit a new 52-week high on Tuesday . The stock traded as high as $100.45 and last traded at $100.41, with a volume of 57019 shares changing hands. The stock had previously closed at $98.48.

First Trust Capital Strength ETF Trading Up 2.3%

The business’s fifty day simple moving average is $94.79 and its 200-day simple moving average is $95.00. The firm has a market cap of $8.07 billion, a P/E ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.2636 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in First Trust Capital Strength ETF by 1.5% in the 2nd quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock worth $155,806,000 after buying an additional 25,024 shares during the period. UBS Group AG increased its stake in shares of First Trust Capital Strength ETF by 0.8% during the fourth quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock valued at $131,380,000 after buying an additional 11,966 shares during the period. Royal Bank of Canada increased its stake in shares of First Trust Capital Strength ETF by 1.9% during the fourth quarter. Royal Bank of Canada now owns 1,181,806 shares of the company’s stock valued at $109,332,000 after buying an additional 22,147 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of First Trust Capital Strength ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock valued at $88,750,000 after acquiring an additional 22,849 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of First Trust Capital Strength ETF by 3.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 470,218 shares of the company’s stock valued at $43,501,000 after acquiring an additional 14,814 shares in 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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.