Puff Wealth Management LLC Takes $506,000 Position in First Trust Capital Strength ETF $FTCS

Puff Wealth Management LLC purchased a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,385 shares of the company’s stock, valued at approximately $506,000.

A number of other hedge funds also recently modified their holdings of the stock. Two Sigma Investments LP grew its holdings in First Trust Capital Strength ETF by 1,226.4% during the third quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock valued at $26,828,000 after purchasing an additional 264,900 shares during the period. Evelyn Partners Investment Management Europe Ltd bought a new stake in shares of First Trust Capital Strength ETF in the fourth quarter valued at $16,633,000. Bank Hapoalim BM purchased a new position in shares of First Trust Capital Strength ETF during the 4th quarter valued at $14,709,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Capital Strength ETF by 39.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock valued at $42,775,000 after buying an additional 131,322 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of First Trust Capital Strength ETF during the 4th quarter worth $10,376,000.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS opened at $100.18 on Friday. The business has a 50-day moving average of $95.84 and a 200 day moving average of $95.29. First Trust Capital Strength ETF has a fifty-two week low of $89.76 and a fifty-two week high of $101.12. The firm has a market cap of $7.95 billion, a P/E ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2636 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, June 25th.

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.