1776 Wealth LLC Cuts Stake in First Trust Capital Strength ETF (NASDAQ:FTCS)

1776 Wealth LLC cut its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 5.7% in the third quarter, HoldingsChannel reports. The firm owned 30,673 shares of the company’s stock after selling 1,847 shares during the quarter. First Trust Capital Strength ETF makes up about 1.2% of 1776 Wealth LLC’s investment portfolio, making the stock its 18th biggest position. 1776 Wealth LLC’s holdings in First Trust Capital Strength ETF were worth $2,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in shares of First Trust Capital Strength ETF by 8,647.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,124,647 shares of the company’s stock valued at $283,718,000 after purchasing an additional 3,088,928 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Capital Strength ETF by 195.0% during the 1st quarter. Cetera Investment Advisers now owns 1,563,977 shares of the company’s stock worth $133,955,000 after buying an additional 1,033,794 shares during the last quarter. Cetera Advisors LLC lifted its holdings in First Trust Capital Strength ETF by 51.0% during the 1st quarter. Cetera Advisors LLC now owns 863,428 shares of the company’s stock worth $73,953,000 after buying an additional 291,774 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of First Trust Capital Strength ETF by 5.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,407,234 shares of the company’s stock worth $286,344,000 after acquiring an additional 190,799 shares in the last quarter. Finally, Kowal Investment Group LLC increased its holdings in shares of First Trust Capital Strength ETF by 24.6% in the 2nd quarter. Kowal Investment Group LLC now owns 610,585 shares of the company’s stock valued at $51,314,000 after acquiring an additional 120,675 shares during the last quarter.

First Trust Capital Strength ETF Trading Down 0.6 %

FTCS stock traded down $0.52 during trading on Friday, hitting $90.97. 232,038 shares of the company’s stock were exchanged, compared to its average volume of 307,079. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 52-week low of $75.54 and a 52-week high of $93.12. The business has a 50-day moving average price of $90.85 and a two-hundred day moving average price of $87.28.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.2566 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.13%.

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).