Midwest Financial Network LLC Has $2.44 Million Position in First Trust Capital Strength ETF $FTCS

Midwest Financial Network LLC lessened its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 16.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,246 shares of the company’s stock after selling 5,134 shares during the period. First Trust Capital Strength ETF comprises 1.9% of Midwest Financial Network LLC’s portfolio, making the stock its 16th biggest holding. Midwest Financial Network LLC’s holdings in First Trust Capital Strength ETF were worth $2,435,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Two Sigma Investments LP raised its holdings in First Trust Capital Strength ETF by 1,226.4% in the 3rd quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock valued at $26,828,000 after acquiring an additional 264,900 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd acquired a new stake in shares of First Trust Capital Strength ETF during the 4th quarter worth approximately $16,633,000. Bank Hapoalim BM bought a new stake in shares of First Trust Capital Strength ETF during the fourth quarter valued at approximately $14,709,000. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Capital Strength ETF by 39.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock valued at $42,775,000 after purchasing an additional 131,322 shares during the period. Finally, Merit Financial Group LLC bought a new stake in shares of First Trust Capital Strength ETF during the fourth quarter valued at approximately $10,376,000.

First Trust Capital Strength ETF Trading Down 0.5%

Shares of NASDAQ FTCS opened at $98.80 on Friday. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71. First Trust Capital Strength ETF has a one year low of $89.76 and a one year high of $101.12. The business has a fifty day simple moving average of $95.25 and a 200 day simple moving average of $95.15.

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 issued a $0.2636 dividend. This represents a $1.05 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 25th.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.