First Trust Capital Strength ETF (NASDAQ:FTCS) Sets New 12-Month High – Time to Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS) reached a new 52-week high during trading on Thursday . The company traded as high as $102.93 and last traded at $101.90, with a volume of 533124 shares. The stock had previously closed at $100.91.

First Trust Capital Strength ETF Trading Up 1.0%

The company’s 50 day moving average is $97.07 and its 200 day moving average is $95.56. The company has a market cap of $8.09 billion, a PE ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FTCS. Plus Group Wealth Advisors LLC bought a new position in shares of First Trust Capital Strength ETF during the 4th quarter worth $1,675,000. Vestmark Advisory Solutions Inc. lifted its stake in First Trust Capital Strength ETF by 19.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 186,554 shares of the company’s stock worth $17,258,000 after acquiring an additional 30,287 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in First Trust Capital Strength ETF by 80.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 37,874 shares of the company’s stock worth $3,504,000 after acquiring an additional 16,919 shares in the last quarter. World Investment Advisors increased its position in First Trust Capital Strength ETF by 17.5% during the 4th quarter. World Investment Advisors now owns 52,736 shares of the company’s stock valued at $4,879,000 after purchasing an additional 7,853 shares during the period. Finally, UBS Group AG raised its holdings in shares of First Trust Capital Strength ETF by 0.8% in the 4th quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock valued at $131,380,000 after purchasing an additional 11,966 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.