Tcfg Wealth Management LLC Makes New Investment in First Trust Capital Strength ETF $FTCS

Tcfg Wealth Management LLC purchased a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,353 shares of the company’s stock, valued at approximately $2,816,000. First Trust Capital Strength ETF makes up 1.1% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding.

Several other hedge funds have also recently modified their holdings of FTCS. Columbia Advisory Partners LLC lifted its holdings in First Trust Capital Strength ETF by 28.4% during the first quarter. Columbia Advisory Partners LLC now owns 10,556 shares of the company’s stock worth $979,000 after buying an additional 2,338 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of First Trust Capital Strength ETF during the 1st quarter worth $335,000. Sequent Planning LLC lifted its stake in shares of First Trust Capital Strength ETF by 2.8% during the 1st quarter. Sequent Planning LLC now owns 15,041 shares of the company’s stock worth $1,395,000 after purchasing an additional 411 shares during the last quarter. Independent Wealth Network Inc. boosted its position in First Trust Capital Strength ETF by 82.3% during the first quarter. Independent Wealth Network Inc. now owns 13,407 shares of the company’s stock valued at $1,244,000 after purchasing an additional 6,052 shares in the last quarter. Finally, Dagco Inc. boosted its position in First Trust Capital Strength ETF by 7.8% during the first quarter. Dagco Inc. now owns 81,960 shares of the company’s stock valued at $7,603,000 after purchasing an additional 5,913 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

FTCS opened at $93.92 on Wednesday. The firm has a market capitalization of $7.87 billion, a PE ratio of 21.51 and a beta of 0.71. The business’s 50-day moving average is $93.39 and its two-hundred day moving average is $94.53. First Trust Capital Strength ETF has a 1 year low of $89.39 and a 1 year high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.2636 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%.

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