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

Shares of First Trust Capital Strength ETF (NASDAQ:FTCS) reached a new 52-week high during mid-day trading on Friday. The company traded as high as $103.58 and last traded at $102.7370, with a volume of 69,726 shares changing hands. The stock had previously closed at $100.41.

First Trust Capital Strength ETF Price Performance

The business’s 50 day simple moving average is $98.08 and its 200 day simple moving average is $96.22. The company has a market capitalization of $7.95 billion, a PE ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given 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 dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 24th.

Hedge Funds Weigh In On First Trust Capital Strength ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC lifted its stake in First Trust Capital Strength ETF by 4.4% in the first quarter. Kestra Advisory Services LLC now owns 400,906 shares of the company’s stock valued at $37,188,000 after buying an additional 16,831 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in First Trust Capital Strength ETF in the third quarter valued at $26,112,000. Scarborough Advisors LLC boosted its stake in shares of First Trust Capital Strength ETF by 2.0% during the 1st quarter. Scarborough Advisors LLC now owns 261,092 shares of the company’s stock worth $24,219,000 after acquiring an additional 5,037 shares in the last quarter. tru Independence LLC raised its stake in shares of First Trust Capital Strength ETF by 2.6% during the 3rd quarter. tru Independence LLC now owns 204,291 shares of the company’s stock worth $19,173,000 after buying an additional 5,121 shares during the last quarter. Finally, Heck Capital Advisors LLC grew its position in shares of First Trust Capital Strength ETF by 2.2% in the second quarter. Heck Capital Advisors LLC now owns 187,487 shares of the company’s stock valued at $17,609,000 after purchasing an additional 4,093 shares during 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.