Northbridge Financial Group LLC Buys New Position in First Trust Capital Strength ETF $FTCS

Northbridge Financial Group LLC bought a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 38,628 shares of the company’s stock, valued at approximately $3,573,000. First Trust Capital Strength ETF makes up about 1.6% of Northbridge Financial Group LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE raised its stake in First Trust Capital Strength ETF by 1.5% in the second quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock valued at $155,806,000 after purchasing an additional 25,024 shares in the last quarter. UBS Group AG raised its stake in First Trust Capital Strength ETF by 0.8% in the fourth quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock valued at $131,380,000 after purchasing an additional 11,966 shares in the last quarter. Ameriprise Financial Inc. raised its stake in First Trust Capital Strength ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock valued at $88,750,000 after purchasing an additional 22,849 shares in the last quarter. Jones Financial Companies Lllp raised its stake in First Trust Capital Strength ETF by 19.9% in the third quarter. Jones Financial Companies Lllp now owns 665,115 shares of the company’s stock valued at $61,760,000 after purchasing an additional 110,480 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in First Trust Capital Strength ETF by 3.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 470,218 shares of the company’s stock valued at $43,501,000 after purchasing an additional 14,814 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

Shares of FTCS opened at $93.62 on Wednesday. The firm’s 50 day simple moving average is $93.39 and its 200 day simple moving average is $94.11. The company has a market capitalization of $7.85 billion, a P/E ratio of 21.51 and a beta of 0.73. First Trust Capital Strength ETF has a 1-year low of $88.70 and a 1-year high of $99.74.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.2873 per share. The ex-dividend date was Thursday, March 26th. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a yield of 1.2%.

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