IFG Advisory LLC Decreases Stake in First Trust Capital Strength ETF $FTCS

IFG Advisory LLC cut its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,311 shares of the company’s stock after selling 58,208 shares during the quarter. First Trust Capital Strength ETF makes up about 1.1% of IFG Advisory LLC’s investment portfolio, making the stock its 10th biggest position. IFG Advisory LLC owned about 0.33% of First Trust Capital Strength ETF worth $25,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BOKF NA bought a new stake in First Trust Capital Strength ETF during the third quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its holdings in First Trust Capital Strength ETF by 492.0% during the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares during the period. Whittier Trust Co. bought a new stake in First Trust Capital Strength ETF during the fourth quarter valued at about $30,000. Smartleaf Asset Management LLC bought a new stake in First Trust Capital Strength ETF during the second quarter valued at about $40,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in First Trust Capital Strength ETF during the third quarter valued at about $42,000.

First Trust Capital Strength ETF Stock Down 0.5%

NASDAQ:FTCS opened at $93.68 on Thursday. The business’s 50-day simple moving average is $93.26 and its two-hundred day simple moving average is $94.24. The stock has a market cap of $7.85 billion, a PE ratio of 21.51 and a beta of 0.73. First Trust Capital Strength ETF has a 52 week low of $88.70 and a 52 week high of $99.74.

First Trust Capital Strength ETF Increases Dividend

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

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.