First Trust Capital Strength ETF (NASDAQ:FTCS) Shares Sold by Independent Wealth Network Inc.

Independent Wealth Network Inc. lessened its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.7% in the first quarter, Holdings Channel reports. The firm owned 6,806 shares of the company’s stock after selling 119 shares during the period. Independent Wealth Network Inc.’s holdings in First Trust Capital Strength ETF were worth $610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its position in First Trust Capital Strength ETF by 6.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,736 shares of the company’s stock worth $425,000 after purchasing an additional 298 shares in the last quarter. HBK Sorce Advisory LLC grew its position in First Trust Capital Strength ETF by 5.5% in the first quarter. HBK Sorce Advisory LLC now owns 220,563 shares of the company’s stock valued at $19,771,000 after acquiring an additional 11,589 shares in the last quarter. Merit Financial Group LLC acquired a new stake in First Trust Capital Strength ETF in the first quarter valued at approximately $200,000. GAMMA Investing LLC grew its position in First Trust Capital Strength ETF by 3.9% in the first quarter. GAMMA Investing LLC now owns 9,679 shares of the company’s stock valued at $868,000 after acquiring an additional 362 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in First Trust Capital Strength ETF in the fourth quarter valued at approximately $250,000.

First Trust Capital Strength ETF Stock Up 0.8%

Shares of NASDAQ:FTCS opened at $90.99 on Friday. First Trust Capital Strength ETF has a 52-week low of $80.66 and a 52-week high of $94.23. The company has a 50 day moving average of $90.70 and a two-hundred day moving average of $89.26. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 21.51 and a beta of 0.86.

First Trust Capital Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a $0.2334 dividend. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, June 26th. This represents a $0.93 annualized dividend and a yield of 1.03%.

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).