Cherry Creek Investment Advisors Inc. Trims Position in First Trust Capital Strength ETF $FTCS

Cherry Creek Investment Advisors Inc. lessened its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 6.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,924 shares of the company’s stock after selling 1,132 shares during the quarter. Cherry Creek Investment Advisors Inc.’s holdings in First Trust Capital Strength ETF were worth $1,538,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FTCS. Farmers & Merchants Investments Inc. purchased a new position in First Trust Capital Strength ETF in the 2nd quarter worth about $25,000. Abound Wealth Management purchased a new position in First Trust Capital Strength ETF in the 2nd quarter worth about $32,000. Flaharty Asset Management LLC purchased a new position in First Trust Capital Strength ETF in the 1st quarter worth about $37,000. BankPlus Trust Department increased its stake in First Trust Capital Strength ETF by 145.1% in the 1st quarter. BankPlus Trust Department now owns 429 shares of the company’s stock worth $38,000 after buying an additional 254 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in First Trust Capital Strength ETF by 64.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 489 shares of the company’s stock worth $44,000 after buying an additional 192 shares during the period.

First Trust Capital Strength ETF Price Performance

FTCS stock opened at $91.00 on Wednesday. The company has a market capitalization of $8.15 billion, a PE ratio of 21.51 and a beta of 0.80. First Trust Capital Strength ETF has a 12 month low of $80.65 and a 12 month high of $94.37. The firm’s 50-day moving average is $92.84 and its 200 day moving average is $91.43.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.2527 per share. This represents a $1.01 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.23.

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).