Wedbush Securities Inc. Purchases 69,784 Shares of First Trust Capital Strength ETF $FTCS

Wedbush Securities Inc. purchased a new stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 69,784 shares of the company’s stock, valued at approximately $6,549,000. Wedbush Securities Inc. owned 0.09% of First Trust Capital Strength ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Investors Research Corp bought a new position in First Trust Capital Strength ETF during the 2nd quarter worth about $16,354,000. NI Acquisitions Company LLC bought a new stake in shares of First Trust Capital Strength ETF in the 2nd quarter valued at about $8,494,000. Gateway Wealth Partners LLC lifted its position in shares of First Trust Capital Strength ETF by 99.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 169,052 shares of the company’s stock worth $15,681,000 after purchasing an additional 84,185 shares during the period. Independent Financial Group LLC purchased a new stake in shares of First Trust Capital Strength ETF in the 1st quarter worth approximately $4,325,000. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of First Trust Capital Strength ETF by 61.3% during the second quarter. Integrated Wealth Concepts LLC now owns 117,987 shares of the company’s stock valued at $11,081,000 after purchasing an additional 44,848 shares in the last quarter.

First Trust Capital Strength ETF Stock Down 1.4%

FTCS stock traded down $1.40 during trading on Friday, hitting $100.72. 444,553 shares of the company’s stock traded hands, compared to its average volume of 523,385. The firm has a market capitalization of $7.82 billion, a P/E ratio of 21.51 and a beta of 0.70. The business has a fifty day simple moving average of $98.06 and a two-hundred day simple moving average of $96.15. First Trust Capital Strength ETF has a 1 year low of $89.76 and a 1 year high of $102.93.

First Trust Capital Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.3332 per share. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. This represents a $1.33 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 24th.

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.