Cetera Investment Advisers Decreases Stock Holdings in First Trust Capital Strength ETF $FTCS

Cetera Investment Advisers reduced its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 2.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,486,405 shares of the company’s stock after selling 41,277 shares during the quarter. Cetera Investment Advisers’ holdings in First Trust Capital Strength ETF were worth $137,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Two Sigma Investments LP increased its holdings in First Trust Capital Strength ETF by 1,226.4% in the third quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock valued at $26,828,000 after buying an additional 264,900 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd purchased a new stake in shares of First Trust Capital Strength ETF during the 4th quarter worth approximately $16,633,000. Bank Hapoalim BM purchased a new stake in shares of First Trust Capital Strength ETF during the 4th quarter worth approximately $14,709,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust Capital Strength ETF by 39.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock worth $42,775,000 after acquiring an additional 131,322 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of First Trust Capital Strength ETF in the 4th quarter worth approximately $10,376,000.

First Trust Capital Strength ETF Price Performance

NASDAQ FTCS opened at $95.98 on Thursday. First Trust Capital Strength ETF has a 1-year low of $89.76 and a 1-year high of $99.74. The company has a market capitalization of $9.07 billion, a P/E ratio of 21.51 and a beta of 0.71. The business has a 50 day moving average price of $94.53 and a 200 day moving average price of $94.92.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued 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%.

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.