Prasad Wealth Partners LLC Has $369,000 Position in First Trust Capital Strength ETF $FTCS

Prasad Wealth Partners LLC reduced its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 12.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,062 shares of the company’s stock after selling 600 shares during the quarter. Prasad Wealth Partners LLC’s holdings in First Trust Capital Strength ETF were worth $369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of First Trust Capital Strength ETF by 1.6% during the first quarter. LPL Financial LLC now owns 7,664,395 shares of the company’s stock worth $687,036,000 after buying an additional 121,726 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of First Trust Capital Strength ETF by 503.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,234,549 shares of the company’s stock worth $200,305,000 after buying an additional 1,864,116 shares during the period. Cetera Investment Advisers acquired a new position in First Trust Capital Strength ETF during the first quarter valued at approximately $131,493,000. Truist Financial Corp boosted its position in First Trust Capital Strength ETF by 0.4% during the second quarter. Truist Financial Corp now owns 571,494 shares of the company’s stock valued at $51,943,000 after purchasing an additional 2,171 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in First Trust Capital Strength ETF by 74.0% during the first quarter. Jones Financial Companies Lllp now owns 430,512 shares of the company’s stock valued at $38,148,000 after purchasing an additional 183,074 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ FTCS opened at $93.76 on Tuesday. The stock has a 50 day moving average price of $92.63 and a 200 day moving average price of $90.55. First Trust Capital Strength ETF has a 52 week low of $80.65 and a 52 week high of $94.37. The stock has a market capitalization of $8.47 billion, a PE ratio of 21.51 and a beta of 0.86.

First Trust Capital Strength ETF Increases Dividend

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

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).