Diversify Wealth Management LLC Acquires New Position in First Trust Capital Strength ETF $FTCS

Diversify Wealth Management LLC acquired a new stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the 1st quarter, HoldingsChannel reports. The firm acquired 9,454 shares of the company’s stock, valued at approximately $880,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC bought a new position in First Trust Capital Strength ETF in the fourth quarter valued at about $1,105,000. Stillwater Wealth Management Group acquired a new position in First Trust Capital Strength ETF during the third quarter worth about $1,606,000. Crux Wealth Advisors lifted its holdings in shares of First Trust Capital Strength ETF by 392.8% in the fourth quarter. Crux Wealth Advisors now owns 30,872 shares of the company’s stock worth $2,856,000 after acquiring an additional 24,608 shares during the last quarter. tru Independence LLC lifted its holdings in shares of First Trust Capital Strength ETF by 8.3% in the fourth quarter. tru Independence LLC now owns 177,567 shares of the company’s stock worth $16,427,000 after acquiring an additional 13,662 shares during the last quarter. Finally, Plus Group Wealth Advisors LLC acquired a new stake in shares of First Trust Capital Strength ETF in the 4th quarter valued at approximately $1,675,000.

First Trust Capital Strength ETF Trading Up 1.9%

FTCS opened at $97.96 on Friday. The company has a market cap of $7.94 billion, a P/E ratio of 21.51 and a beta of 0.71. The company’s 50 day moving average is $94.20 and its 200-day moving average is $94.83. First Trust Capital Strength ETF has a 1-year low of $89.76 and a 1-year high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.2636 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.05 annualized dividend 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.