Spectrum Wealth Advisory Group LLC Trims Stock Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Spectrum Wealth Advisory Group LLC trimmed its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 4.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,127 shares of the company’s stock after selling 343 shares during the quarter. First Trust Capital Strength ETF makes up about 0.4% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its 27th largest holding. Spectrum Wealth Advisory Group LLC’s holdings in First Trust Capital Strength ETF were worth $647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTCS. Holistic Financial Partners boosted its stake in First Trust Capital Strength ETF by 2.8% in the 3rd quarter. Holistic Financial Partners now owns 102,165 shares of the company’s stock worth $9,277,000 after purchasing an additional 2,775 shares during the period. AMG National Trust Bank bought a new position in shares of First Trust Capital Strength ETF during the 3rd quarter valued at approximately $202,000. Archer Investment Corp lifted its position in First Trust Capital Strength ETF by 3.2% in the third quarter. Archer Investment Corp now owns 303,808 shares of the company’s stock worth $27,586,000 after buying an additional 9,416 shares during the last quarter. Intellectus Partners LLC bought a new stake in First Trust Capital Strength ETF in the third quarter worth $372,000. Finally, Balboa Wealth Partners bought a new stake in First Trust Capital Strength ETF in the third quarter worth $219,000.

First Trust Capital Strength ETF Stock Down 0.6 %

FTCS stock opened at $90.97 on Monday. The business’s fifty day simple moving average is $90.85 and its two-hundred day simple moving average is $87.32. First Trust Capital Strength ETF has a twelve month low of $75.54 and a twelve month high of $93.12. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.2566 dividend. This represents a $1.03 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, September 26th.

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).