Capital Square LLC Invests $762,000 in First Trust Capital Strength ETF $FTCS

Capital Square LLC purchased a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) during the second quarter, according to its most recent filing with the SEC. The firm purchased 7,886 shares of the company’s stock, valued at approximately $762,000.

A number of other hedge funds have also modified their holdings of FTCS. Bank of America Corp DE boosted its position in shares of First Trust Capital Strength ETF by 1.5% during the second quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock worth $155,806,000 after purchasing an additional 25,024 shares in the last quarter. UBS Group AG lifted its holdings in 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 worth $131,380,000 after acquiring an additional 11,966 shares in the last quarter. Royal Bank of Canada lifted its holdings in 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 worth $109,332,000 after acquiring an additional 22,147 shares in the last quarter. Ameriprise Financial Inc. grew its stake in First Trust Capital Strength ETF by 2.4% in 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 during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in First Trust Capital Strength ETF by 39.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock valued at $42,775,000 after acquiring an additional 131,322 shares during the period.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS opened at $101.52 on Monday. The stock has a 50 day simple moving average of $97.34 and a 200 day simple moving average of $95.61. First Trust Capital Strength ETF has a 52-week low of $89.76 and a 52-week high of $102.93. The firm has a market capitalization of $8.06 billion, a PE ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2636 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.05 annualized dividend and a yield of 1.0%.

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.