SignalPoint Asset Management LLC Has $5.67 Million Holdings in First Trust Capital Strength ETF (NASDAQ:FTCS)

SignalPoint Asset Management LLC lifted its position in First Trust Capital Strength ETF (NASDAQ:FTCS – Get Rating) by 77.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,489 shares of the company’s stock after acquiring an additional 31,612 shares during the quarter. First Trust Capital Strength ETF accounts for approximately 1.8% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. SignalPoint Asset Management LLC owned approximately 0.06% of First Trust Capital Strength ETF worth $5,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealthsource Partners LLC bought a new position in First Trust Capital Strength ETF in the first quarter worth about $712,000. Perennial Investment Advisors LLC raised its holdings in First Trust Capital Strength ETF by 8.3% in the first quarter. Perennial Investment Advisors LLC now owns 173,339 shares of the company’s stock worth $13,553,000 after purchasing an additional 13,338 shares in the last quarter. Lincoln National Corp raised its holdings in First Trust Capital Strength ETF by 4.9% in the first quarter. Lincoln National Corp now owns 105,419 shares of the company’s stock worth $8,244,000 after purchasing an additional 4,956 shares in the last quarter. Capital Square LLC raised its holdings in First Trust Capital Strength ETF by 4.7% in the first quarter. Capital Square LLC now owns 6,589 shares of the company’s stock worth $515,000 after purchasing an additional 293 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its holdings in First Trust Capital Strength ETF by 10.7% in the first quarter. Wolff Wiese Magana LLC now owns 11,961 shares of the company’s stock worth $935,000 after purchasing an additional 1,160 shares in the last quarter.

First Trust Capital Strength ETF Stock Performance

First Trust Capital Strength ETF stock traded down $0.07 during trading hours on Friday, reaching $73.69. The stock had a trading volume of 212,142 shares, compared to its average volume of 444,153. The business’s 50 day moving average price is $71.09 and its 200-day moving average price is $74.36. First Trust Capital Strength ETF has a 52 week low of $66.86 and a 52 week high of $85.07.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Monday, June 27th were issued a dividend of $0.179 per share. The ex-dividend date was Friday, June 24th. This represents a $0.72 annualized dividend and a dividend yield of 0.97%.

First Trust Capital Strength ETF Profile

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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).