Cornerstone Wealth Management LLC Has $2.89 Million Stake in First Trust Capital Strength ETF (NASDAQ:FTCS)

Cornerstone Wealth Management LLC reduced its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,692 shares of the company’s stock after selling 376 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in First Trust Capital Strength ETF were worth $2,886,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FTCS. First PREMIER Bank raised its holdings in shares of First Trust Capital Strength ETF by 0.7% in the 1st quarter. First PREMIER Bank now owns 16,989 shares of the company’s stock valued at $1,455,000 after purchasing an additional 125 shares during the period. Independent Wealth Network Inc. grew its position in shares of First Trust Capital Strength ETF by 1.9% during the 4th quarter. Independent Wealth Network Inc. now owns 7,082 shares of the company’s stock worth $567,000 after purchasing an additional 131 shares in the last quarter. Firethorn Wealth Partners LLC increased its holdings in shares of First Trust Capital Strength ETF by 4.9% during the fourth quarter. Firethorn Wealth Partners LLC now owns 3,203 shares of the company’s stock worth $256,000 after purchasing an additional 151 shares during the period. Quaker Wealth Management LLC raised its position in shares of First Trust Capital Strength ETF by 0.3% in the fourth quarter. Quaker Wealth Management LLC now owns 54,288 shares of the company’s stock valued at $4,345,000 after buying an additional 174 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in shares of First Trust Capital Strength ETF by 6.3% in the fourth quarter. First Trust Direct Indexing L.P. now owns 3,234 shares of the company’s stock valued at $259,000 after buying an additional 192 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

FTCS traded down $0.23 on Thursday, hitting $83.63. 217,334 shares of the stock were exchanged, compared to its average volume of 329,749. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 12 month low of $71.11 and a 12 month high of $86.11. The business has a 50-day moving average of $83.72 and a two-hundred day moving average of $82.79.

First Trust Capital Strength ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2843 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.14 annualized dividend and a yield of 1.36%.

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).