NewEdge Advisors LLC Sells 188,325 Shares of First Trust Capital Strength ETF $FTCS

NewEdge Advisors LLC cut its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 82.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 39,874 shares of the company’s stock after selling 188,325 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $3,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Plus Group Wealth Advisors LLC purchased a new position in First Trust Capital Strength ETF during the fourth quarter valued at $1,675,000. Merit Financial Group LLC purchased a new stake in shares of First Trust Capital Strength ETF during the fourth quarter worth about $10,376,000. UBS Group AG raised its position in shares of First Trust Capital Strength ETF by 0.8% during the 4th quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock worth $131,380,000 after purchasing an additional 11,966 shares during the last quarter. World Investment Advisors raised its position in shares of First Trust Capital Strength ETF by 17.5% during the 4th quarter. World Investment Advisors now owns 52,736 shares of the company’s stock worth $4,879,000 after purchasing an additional 7,853 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of First Trust Capital Strength ETF by 19.4% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 186,554 shares of the company’s stock worth $17,258,000 after purchasing an additional 30,287 shares during the last quarter.

First Trust Capital Strength ETF Trading Down 0.2%

Shares of First Trust Capital Strength ETF stock opened at $100.44 on Thursday. First Trust Capital Strength ETF has a twelve month low of $89.76 and a twelve month high of $101.12. The firm has a market capitalization of $7.97 billion, a PE ratio of 21.51 and a beta of 0.70. The firm’s 50-day moving average price is $96.32 and its 200 day moving average price is $95.39.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.2636 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. The ex-dividend date 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.