Royal Bank of Canada Cuts Stock Position in First Trust Capital Strength ETF $FTCS

Royal Bank of Canada cut its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 13.3% in the 1st quarter, HoldingsChannel reports. The firm owned 1,024,933 shares of the company’s stock after selling 156,873 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Capital Strength ETF were worth $95,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Two Sigma Investments LP raised its stake in shares of First Trust Capital Strength ETF by 1,226.4% during the 3rd quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock worth $26,828,000 after purchasing an additional 264,900 shares during the period. Evelyn Partners Investment Management Europe Ltd bought a new position in First Trust Capital Strength ETF during the fourth quarter valued at about $16,633,000. Bank Hapoalim BM purchased a new stake in First Trust Capital Strength ETF during the fourth quarter worth about $14,709,000. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Capital Strength ETF by 39.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock worth $42,775,000 after buying an additional 131,322 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new stake in First Trust Capital Strength ETF during the fourth quarter worth about $10,376,000.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS stock opened at $98.80 on Friday. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71. First Trust Capital Strength ETF has a 52 week low of $89.76 and a 52 week high of $101.12. The firm’s 50-day simple moving average is $95.25 and its two-hundred day simple moving average is $95.15.

First Trust Capital Strength ETF Cuts Dividend

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