Royal Bank of Canada Trims Stake in First Trust Capital Strength ETF $FTCS

Royal Bank of Canada reduced its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 10.5% in the first quarter, Holdings Channel reports. The institutional investor owned 1,259,518 shares of the company’s stock after selling 147,222 shares during the period. Royal Bank of Canada’s holdings in First Trust Capital Strength ETF were worth $112,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTCS. CENTRAL TRUST Co purchased a new stake in First Trust Capital Strength ETF during the first quarter valued at approximately $29,000. BankPlus Trust Department increased its holdings in First Trust Capital Strength ETF by 145.1% during the first quarter. BankPlus Trust Department now owns 429 shares of the company’s stock valued at $38,000 after buying an additional 254 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in First Trust Capital Strength ETF by 64.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 489 shares of the company’s stock valued at $44,000 after buying an additional 192 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of First Trust Capital Strength ETF in the first quarter worth $56,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth $72,000.

First Trust Capital Strength ETF Price Performance

Shares of NASDAQ FTCS opened at $92.86 on Thursday. The firm has a fifty day moving average price of $91.86 and a 200-day moving average price of $90.00. The stock has a market cap of $8.51 billion, a PE ratio of 21.51 and a beta of 0.86. First Trust Capital Strength ETF has a 1 year low of $80.65 and a 1 year high of $94.37.

First Trust Capital Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.2334 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, June 26th.

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).