Northwestern Mutual Wealth Management Co. Purchases 131,322 Shares of First Trust Capital Strength ETF $FTCS

Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 39.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 462,385 shares of the company’s stock after acquiring an additional 131,322 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Capital Strength ETF were worth $42,775,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PCG Wealth Advisors LLC raised its stake in First Trust Capital Strength ETF by 0.9% during the 4th quarter. PCG Wealth Advisors LLC now owns 73,994 shares of the company’s stock worth $6,845,000 after acquiring an additional 670 shares during the period. Western Wealth Management LLC raised its stake in First Trust Capital Strength ETF by 1.9% during the 4th quarter. Western Wealth Management LLC now owns 113,606 shares of the company’s stock worth $10,510,000 after acquiring an additional 2,160 shares during the period. Summit Wealth Group LLC Co. bought a new stake in First Trust Capital Strength ETF during the 4th quarter worth approximately $9,521,000. World Investment Advisors raised its stake in First Trust Capital Strength ETF by 17.5% during the 4th quarter. World Investment Advisors now owns 52,736 shares of the company’s stock worth $4,879,000 after acquiring an additional 7,853 shares during the period. Finally, Money Concepts Capital Corp bought a new stake in First Trust Capital Strength ETF during the 4th quarter worth approximately $546,000.

First Trust Capital Strength ETF Trading Up 1.5%

NASDAQ FTCS opened at $93.92 on Tuesday. First Trust Capital Strength ETF has a 12 month low of $88.70 and a 12 month high of $99.74. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 21.51 and a beta of 0.73. The company’s 50 day moving average is $93.46 and its two-hundred day moving average is $94.10.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.2873 per share. The ex-dividend date was Thursday, March 26th. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a dividend yield of 1.2%.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.