ForthRight Wealth Management LLC Sells 2,314 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

ForthRight Wealth Management LLC reduced its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 9.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 22,087 shares of the company’s stock after selling 2,314 shares during the quarter. First Trust Capital Strength ETF makes up 0.7% of ForthRight Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. ForthRight Wealth Management LLC’s holdings in First Trust Capital Strength ETF were worth $1,980,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. LPL Financial LLC raised its position in shares of First Trust Capital Strength ETF by 2.3% during the fourth quarter. LPL Financial LLC now owns 7,542,669 shares of the company’s stock valued at $662,397,000 after buying an additional 169,120 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Capital Strength ETF during the fourth quarter valued at about $494,019,000. Bank of America Corp DE raised its position in shares of First Trust Capital Strength ETF by 57.8% during the fourth quarter. Bank of America Corp DE now owns 1,714,864 shares of the company’s stock valued at $150,599,000 after buying an additional 628,128 shares during the last quarter. Royal Bank of Canada raised its position in shares of First Trust Capital Strength ETF by 0.3% during the fourth quarter. Royal Bank of Canada now owns 1,406,740 shares of the company’s stock valued at $123,539,000 after buying an additional 3,912 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Capital Strength ETF by 5.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,101,673 shares of the company’s stock valued at $96,749,000 after buying an additional 52,070 shares during the last quarter.

First Trust Capital Strength ETF Stock Down 0.5%

NASDAQ:FTCS opened at $90.69 on Thursday. First Trust Capital Strength ETF has a 12-month low of $80.66 and a 12-month high of $94.23. The firm has a market capitalization of $8.47 billion, a PE ratio of 22.61 and a beta of 0.86. The firm has a 50-day moving average price of $88.67 and a 200 day moving average price of $89.31.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.2159 dividend. This represents a $0.86 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, March 27th.

First Trust Capital Strength ETF Company 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).