Kovack Advisors Inc. Increases Stock Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Kovack Advisors Inc. boosted its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,701 shares of the company’s stock after acquiring an additional 371 shares during the quarter. Kovack Advisors Inc.’s holdings in First Trust Capital Strength ETF were worth $790,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC increased its stake in shares of First Trust Capital Strength ETF by 0.3% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 42,866 shares of the company’s stock worth $3,603,000 after purchasing an additional 122 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in First Trust Capital Strength ETF by 0.8% during the second quarter. SRS Capital Advisors Inc. now owns 17,102 shares of the company’s stock valued at $1,437,000 after purchasing an additional 138 shares during the period. Herold Advisors Inc. increased its position in First Trust Capital Strength ETF by 1.6% in the second quarter. Herold Advisors Inc. now owns 9,033 shares of the company’s stock worth $759,000 after buying an additional 139 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of First Trust Capital Strength ETF by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 9,428 shares of the company’s stock worth $856,000 after buying an additional 155 shares during the period. Finally, Cherry Creek Investment Advisors Inc. raised its stake in shares of First Trust Capital Strength ETF by 0.8% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 18,644 shares of the company’s stock worth $1,693,000 after buying an additional 157 shares during the period.

First Trust Capital Strength ETF Trading Up 0.1 %

Shares of NASDAQ:FTCS opened at $92.35 on Thursday. The stock has a 50 day moving average of $90.76 and a 200 day moving average of $87.19. The company has a market cap of $9.11 billion, a PE ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 12-month low of $75.54 and a 12-month high of $93.12.

First Trust Capital Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.2566 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.11%.

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).