102,919 Shares in First Trust Capital Strength ETF $FTCS Bought by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. bought a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the 4th quarter, HoldingsChannel reports. The firm bought 102,919 shares of the company’s stock, valued at approximately $9,521,000. First Trust Capital Strength ETF makes up about 1.3% of Summit Wealth Group LLC Co.’s investment portfolio, making the stock its 14th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Financial Advisors LLC grew its stake in First Trust Capital Strength ETF by 2.8% during the 3rd quarter. American Financial Advisors LLC now owns 378,332 shares of the company’s stock worth $35,427,000 after buying an additional 10,294 shares during the last quarter. Concentrum Wealth Management grew its stake in First Trust Capital Strength ETF by 5.1% during the 3rd quarter. Concentrum Wealth Management now owns 109,417 shares of the company’s stock worth $10,246,000 after buying an additional 5,341 shares during the last quarter. Arkadios Wealth Advisors grew its stake in First Trust Capital Strength ETF by 14.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 100,380 shares of the company’s stock worth $9,400,000 after buying an additional 13,014 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in First Trust Capital Strength ETF during the 4th quarter worth $1,105,000. Finally, Crux Wealth Advisors grew its stake in First Trust Capital Strength ETF by 392.8% during the 4th quarter. Crux Wealth Advisors now owns 30,872 shares of the company’s stock worth $2,856,000 after buying an additional 24,608 shares during the last quarter.

First Trust Capital Strength ETF Price Performance

Shares of FTCS stock opened at $92.40 on Wednesday. First Trust Capital Strength ETF has a 1-year low of $88.70 and a 1-year high of $99.74. The stock’s fifty day moving average price is $93.92 and its 200 day moving average price is $94.11. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 21.51 and a beta of 0.73.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.2873 per share. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, March 26th. This represents a $1.15 annualized dividend and a yield of 1.2%.

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.