SLT Holdings LLC Lowers Stock Position in First Trust Capital Strength ETF $FTCS

SLT Holdings LLC cut its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 70.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,691 shares of the company’s stock after selling 28,034 shares during the quarter. SLT Holdings LLC’s holdings in First Trust Capital Strength ETF were worth $1,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new position in First Trust Capital Strength ETF during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares during the period. Davis Capital Management purchased a new position in shares of First Trust Capital Strength ETF during the 3rd quarter valued at $28,000. Princeton Global Asset Management LLC bought a new position in First Trust Capital Strength ETF in the 3rd quarter worth $29,000. Finally, Mather Group LLC. purchased a new stake in First Trust Capital Strength ETF in the 3rd quarter worth $30,000.

First Trust Capital Strength ETF Stock Down 1.0%

NASDAQ:FTCS opened at $93.43 on Thursday. The business’s 50-day simple moving average is $92.25 and its two-hundred day simple moving average is $92.28. First Trust Capital Strength ETF has a 52 week low of $80.65 and a 52 week high of $94.50. The stock has a market cap of $8.14 billion, a PE ratio of 21.51 and a beta of 0.80.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.2607 per share. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%.

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.