First Trust Capital Strength ETF (NASDAQ:FTCS) Sets New 12-Month High – Here’s Why

Shares of First Trust Capital Strength ETF (NASDAQ:FTCS) hit a new 52-week high on Tuesday . The stock traded as high as $94.45 and last traded at $94.4150, with a volume of 362328 shares trading hands. The stock had previously closed at $93.53.

First Trust Capital Strength ETF Price Performance

The company has a 50 day moving average price of $92.18 and a 200 day moving average price of $92.23. The firm has a market cap of $8.22 billion, a PE ratio of 21.51 and a beta of 0.80.

First Trust Capital Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.2607 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC purchased a new stake in First Trust Capital Strength ETF in the 1st quarter valued at approximately $153,000. AQR Capital Management LLC lifted its holdings in shares of First Trust Capital Strength ETF by 93.9% in the 1st quarter. AQR Capital Management LLC now owns 5,690 shares of the company’s stock valued at $510,000 after buying an additional 2,755 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of First Trust Capital Strength ETF by 503.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,234,549 shares of the company’s stock valued at $200,305,000 after buying an additional 1,864,116 shares in the last quarter. Integrity Alliance LLC. acquired a new position in First Trust Capital Strength ETF during the first quarter worth $3,341,000. Finally, Flaharty Asset Management LLC acquired a new position in First Trust Capital Strength ETF during the first quarter worth $37,000.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.