First Trust Capital Strength ETF (NASDAQ:FTCS) Reaches New 12-Month High – Should You Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $101.18 and last traded at $101.17, with a volume of 97044 shares. The stock had previously closed at $101.00.

First Trust Capital Strength ETF Trading Up 0.0%

The company’s 50-day moving average price is $96.48 and its two-hundred day moving average price is $95.42. The company has a market cap of $8.02 billion, a P/E ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.2636 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.05 annualized dividend and a yield of 1.0%.

Institutional Investors Weigh In On First Trust Capital Strength ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Plus Group Wealth Advisors LLC acquired a new stake in shares of First Trust Capital Strength ETF in the 4th quarter valued at $1,675,000. Merit Financial Group LLC bought a new position in First Trust Capital Strength ETF during the fourth quarter valued at about $10,376,000. UBS Group AG raised its holdings in First Trust Capital Strength ETF by 0.8% during the fourth 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. World Investment Advisors lifted its position in shares of First Trust Capital Strength ETF by 17.5% in the fourth quarter. World Investment Advisors now owns 52,736 shares of the company’s stock worth $4,879,000 after buying an additional 7,853 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of First Trust Capital Strength ETF by 19.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 186,554 shares of the company’s stock worth $17,258,000 after buying an additional 30,287 shares during the last quarter.

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.