First Trust Capital Strength ETF (NASDAQ:FTCS) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,482,742 shares of the company’s stock after selling 58,523 shares during the period. Wells Fargo & Company MN’s holdings in First Trust Capital Strength ETF were worth $305,854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kestra Investment Management LLC acquired a new stake in shares of First Trust Capital Strength ETF in the 4th quarter valued at about $38,000. Knuff & Co LLC bought a new stake in First Trust Capital Strength ETF in the fourth quarter valued at about $88,000. Stephens Consulting LLC raised its stake in First Trust Capital Strength ETF by 20.7% during the fourth quarter. Stephens Consulting LLC now owns 1,069 shares of the company’s stock valued at $94,000 after buying an additional 183 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in First Trust Capital Strength ETF during the 4th quarter worth approximately $99,000. Finally, Thompson Investment Management Inc. acquired a new position in shares of First Trust Capital Strength ETF in the 4th quarter worth approximately $116,000.

First Trust Capital Strength ETF Trading Down 5.2 %

Shares of NASDAQ FTCS opened at $83.97 on Friday. The business has a 50 day simple moving average of $89.55 and a 200-day simple moving average of $90.13. First Trust Capital Strength ETF has a twelve month low of $81.16 and a twelve month high of $94.23. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 23.46 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2159 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.03%.

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).