2,412 Shares in First Trust Capital Strength ETF (NASDAQ:FTCS) Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC bought a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,412 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds also recently bought and sold shares of FTCS. Davis Capital Management bought a new stake in shares of First Trust Capital Strength ETF in the 2nd quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC acquired a new position in First Trust Capital Strength ETF in the third quarter valued at about $29,000. Asset Dedication LLC bought a new stake in shares of First Trust Capital Strength ETF in the second quarter worth about $31,000. EverSource Wealth Advisors LLC acquired a new stake in shares of First Trust Capital Strength ETF during the second quarter worth about $32,000. Finally, ORG Partners LLC acquired a new stake in shares of First Trust Capital Strength ETF during the third quarter worth about $64,000.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS opened at $93.26 on Tuesday. The firm has a market capitalization of $9.20 billion, a PE ratio of 21.52 and a beta of 0.86. The stock has a 50 day simple moving average of $91.05 and a 200 day simple moving average of $87.68. First Trust Capital Strength ETF has a 52-week low of $76.60 and a 52-week high of $93.48.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.2566 dividend. This represents a $1.03 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, September 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).