Puff Wealth Management LLC Invests $506,000 in First Trust Capital Strength ETF $FTCS

Puff Wealth Management LLC purchased a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,385 shares of the company’s stock, valued at approximately $506,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in First Trust Capital Strength ETF by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock worth $155,806,000 after purchasing an additional 25,024 shares in the last quarter. UBS Group AG grew its holdings in First Trust Capital Strength ETF by 0.8% during the 4th quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock valued at $131,380,000 after buying an additional 11,966 shares in the last quarter. Royal Bank of Canada increased its position in shares of First Trust Capital Strength ETF by 1.9% during the fourth quarter. Royal Bank of Canada now owns 1,181,806 shares of the company’s stock valued at $109,332,000 after buying an additional 22,147 shares during the period. Ameriprise Financial Inc. increased its position in shares of First Trust Capital Strength ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock valued at $88,750,000 after buying an additional 22,849 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Capital Strength ETF by 3.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 470,218 shares of the company’s stock worth $43,501,000 after buying an additional 14,814 shares in the last quarter.

First Trust Capital Strength ETF Trading Up 0.3%

Shares of First Trust Capital Strength ETF stock opened at $100.18 on Friday. The company’s 50-day moving average price is $95.84 and its 200-day moving average price is $95.29. First Trust Capital Strength ETF has a 12-month low of $89.76 and a 12-month high of $101.12. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Cuts Dividend

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

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.