Investment Partners Asset Management Inc. Sells 807 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Investment Partners Asset Management Inc. reduced its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,010 shares of the company’s stock after selling 807 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in First Trust Capital Strength ETF were worth $616,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. ORG Partners LLC bought a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at about $64,000. Wesbanco Bank Inc. purchased a new position in First Trust Capital Strength ETF during the third quarter valued at approximately $405,000. Creative Planning raised its stake in First Trust Capital Strength ETF by 1.4% in the third quarter. Creative Planning now owns 33,546 shares of the company’s stock worth $3,046,000 after buying an additional 467 shares in the last quarter. Lynch & Associates IN lifted its holdings in First Trust Capital Strength ETF by 13.0% during the third quarter. Lynch & Associates IN now owns 5,622 shares of the company’s stock worth $510,000 after buying an additional 648 shares during the period. Finally, Kaydan Wealth Management Inc. lifted its holdings in First Trust Capital Strength ETF by 1.8% during the third quarter. Kaydan Wealth Management Inc. now owns 48,343 shares of the company’s stock worth $4,390,000 after buying an additional 846 shares during the period.

First Trust Capital Strength ETF Trading Down 0.6 %

Shares of NASDAQ:FTCS opened at $89.68 on Thursday. The company has a market capitalization of $8.83 billion, a PE ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 12-month low of $81.07 and a 12-month high of $94.23. The business’s fifty day simple moving average is $89.28 and its 200-day simple moving average is $89.87.

First Trust Capital Strength ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.4043 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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).