Truvestments Capital LLC Acquires New Stake in First Trust Capital Strength ETF (NASDAQ:FTCS)

Truvestments Capital LLC acquired a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,886 shares of the company’s stock, valued at approximately $2,714,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its stake in First Trust Capital Strength ETF by 5.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,407,234 shares of the company’s stock worth $286,344,000 after purchasing an additional 190,799 shares during the period. International Assets Investment Management LLC raised its position in shares of First Trust Capital Strength ETF by 8,647.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,124,647 shares of the company’s stock worth $283,718,000 after buying an additional 3,088,928 shares during the period. Cetera Investment Advisers boosted its holdings in First Trust Capital Strength ETF by 195.0% in the first quarter. Cetera Investment Advisers now owns 1,563,977 shares of the company’s stock valued at $133,955,000 after acquiring an additional 1,033,794 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in First Trust Capital Strength ETF by 0.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,082,732 shares of the company’s stock valued at $90,993,000 after acquiring an additional 7,761 shares during the period. Finally, Cetera Advisors LLC increased its stake in First Trust Capital Strength ETF by 51.0% during the first quarter. Cetera Advisors LLC now owns 863,428 shares of the company’s stock worth $73,953,000 after acquiring an additional 291,774 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

FTCS opened at $92.82 on Monday. The company has a market cap of $9.16 billion, a PE ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 1 year low of $76.60 and a 1 year high of $93.12. The firm has a 50 day moving average price of $91.05 and a 200 day moving average price of $87.68.

First Trust Capital Strength ETF Cuts Dividend

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

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).