Cherry Creek Investment Advisors Inc. Lowers Holdings in First Trust Capital Strength ETF (NASDAQ:FTCS)

Cherry Creek Investment Advisors Inc. lessened its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 3.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 18,056 shares of the company’s stock after selling 590 shares during the quarter. First Trust Capital Strength ETF comprises 0.8% of Cherry Creek Investment Advisors Inc.’s investment portfolio, making the stock its 28th biggest position. Cherry Creek Investment Advisors Inc.’s holdings in First Trust Capital Strength ETF were worth $1,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick purchased a new stake in First Trust Capital Strength ETF in the fourth quarter valued at approximately $285,000. Kestra Investment Management LLC purchased a new stake in First Trust Capital Strength ETF in the fourth quarter valued at approximately $38,000. Winebrenner Capital Management LLC purchased a new stake in shares of First Trust Capital Strength ETF during the 4th quarter valued at $1,986,000. Marshall Investment Management LLC purchased a new stake in shares of First Trust Capital Strength ETF during the 4th quarter valued at $2,650,000. Finally, World Equity Group Inc. purchased a new stake in shares of First Trust Capital Strength ETF during the 4th quarter valued at $341,000.

First Trust Capital Strength ETF Stock Performance

First Trust Capital Strength ETF stock opened at $88.94 on Friday. The firm’s fifty day moving average price is $89.40 and its 200-day moving average price is $89.10. The stock has a market cap of $8.30 billion, a P/E ratio of 22.61 and a beta of 0.86. First Trust Capital Strength ETF has a fifty-two week low of $80.66 and a fifty-two week high of $94.23.

First Trust Capital Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.2159 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 0.97%.

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).