Private Advisor Group LLC Trims Stake in First Trust Capital Strength ETF $FTCS

Private Advisor Group LLC cut its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 18.0% in the first quarter, HoldingsChannel reports. The fund owned 531,050 shares of the company’s stock after selling 116,506 shares during the period. Private Advisor Group LLC’s holdings in First Trust Capital Strength ETF were worth $49,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted its stake in shares of First Trust Capital Strength ETF by 61.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 4,620 shares of the company’s stock valued at $429,000 after purchasing an additional 1,762 shares during the period. Tcfg Wealth Management LLC purchased a new position in First Trust Capital Strength ETF in the first quarter valued at $2,816,000. Columbia Advisory Partners LLC increased its holdings in First Trust Capital Strength ETF by 28.4% in the first quarter. Columbia Advisory Partners LLC now owns 10,556 shares of the company’s stock valued at $979,000 after buying an additional 2,338 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of First Trust Capital Strength ETF in the first quarter worth about $335,000. Finally, Sequent Planning LLC raised its position in shares of First Trust Capital Strength ETF by 2.8% in the first quarter. Sequent Planning LLC now owns 15,041 shares of the company’s stock worth $1,395,000 after acquiring an additional 411 shares during the period.

First Trust Capital Strength ETF Stock Up 2.3%

FTCS stock opened at $97.17 on Friday. The company’s 50-day simple moving average is $93.48 and its 200-day simple moving average is $94.57. First Trust Capital Strength ETF has a 52-week low of $89.39 and a 52-week high of $99.74. The firm has a market cap of $7.90 billion, a P/E ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Cuts Dividend

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

First Trust Capital Strength ETF Company 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.