Independent Advisor Alliance Sells 320 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Independent Advisor Alliance reduced its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,847 shares of the company’s stock after selling 320 shares during the quarter. Independent Advisor Alliance’s holdings in First Trust Capital Strength ETF were worth $440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust Capital Strength ETF by 5.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,407,234 shares of the company’s stock worth $286,344,000 after buying an additional 190,799 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of First Trust Capital Strength ETF by 8,647.9% during the third quarter. International Assets Investment Management LLC now owns 3,124,647 shares of the company’s stock valued at $283,718,000 after acquiring an additional 3,088,928 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in First Trust Capital Strength ETF by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,082,732 shares of the company’s stock valued at $90,993,000 after acquiring an additional 7,761 shares during the last quarter. Harbour Investments Inc. increased its position in First Trust Capital Strength ETF by 3.1% in the third quarter. Harbour Investments Inc. now owns 622,696 shares of the company’s stock worth $56,541,000 after purchasing an additional 18,569 shares during the period. Finally, Kowal Investment Group LLC raised its holdings in First Trust Capital Strength ETF by 24.6% during the 2nd quarter. Kowal Investment Group LLC now owns 610,585 shares of the company’s stock worth $51,314,000 after purchasing an additional 120,675 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS stock opened at $93.74 on Friday. The firm’s 50 day moving average price is $91.29 and its two-hundred day moving average price is $87.90. First Trust Capital Strength ETF has a 52-week low of $76.60 and a 52-week high of $94.23. The stock has a market cap of $9.25 billion, a PE ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.2566 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.03 annualized dividend and a dividend yield of 1.09%.

First Trust Capital Strength ETF 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).