First Trust Capital Strength ETF $FTCS Holdings Cut by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 80.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,795 shares of the company’s stock after selling 227,493 shares during the period. Kingswood Wealth Advisors LLC owned 0.06% of First Trust Capital Strength ETF worth $5,071,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Capital Strength ETF during the second quarter valued at $25,000. CENTRAL TRUST Co bought a new stake in shares of First Trust Capital Strength ETF in the 1st quarter valued at approximately $29,000. Abound Wealth Management acquired a new stake in First Trust Capital Strength ETF in the second quarter valued at approximately $32,000. Flaharty Asset Management LLC bought a new stake in First Trust Capital Strength ETF in the first quarter worth approximately $37,000. Finally, BankPlus Trust Department increased its stake in shares of First Trust Capital Strength ETF by 145.1% during the 1st quarter. BankPlus Trust Department now owns 429 shares of the company’s stock worth $38,000 after purchasing an additional 254 shares during the last quarter.

First Trust Capital Strength ETF Trading Up 0.1%

First Trust Capital Strength ETF stock opened at $93.76 on Tuesday. First Trust Capital Strength ETF has a 1-year low of $80.65 and a 1-year high of $94.37. The firm’s fifty day simple moving average is $92.63 and its 200-day simple moving average is $90.55. The company has a market capitalization of $8.47 billion, a P/E ratio of 21.51 and a beta of 0.86.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.2527 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.23.

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).