Merit Financial Group LLC Purchases New Shares in First Trust Capital Strength ETF (NASDAQ:FTCS)

Merit Financial Group LLC purchased a new stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,237 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in First Trust Capital Strength ETF by 2,593.6% in the fourth quarter. Blue Trust Inc. now owns 2,101 shares of the company’s stock worth $185,000 after purchasing an additional 2,023 shares during the period. US Bancorp DE grew its stake in First Trust Capital Strength ETF by 7.5% in the fourth quarter. US Bancorp DE now owns 10,880 shares of the company’s stock valued at $955,000 after purchasing an additional 761 shares during the last quarter. Allworth Financial LP grew its holdings in First Trust Capital Strength ETF by 3.1% in the fourth quarter. Allworth Financial LP now owns 8,991 shares of the company’s stock worth $807,000 after purchasing an additional 267 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in First Trust Capital Strength ETF in the fourth quarter worth about $59,656,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of First Trust Capital Strength ETF during the fourth quarter valued at $250,000.

First Trust Capital Strength ETF Stock Down 1.2%

First Trust Capital Strength ETF stock opened at $89.99 on Friday. First Trust Capital Strength ETF has a 52 week low of $80.66 and a 52 week high of $94.23. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 22.61 and a beta of 0.86. The stock has a 50-day moving average price of $89.00 and a 200 day moving average price of $89.27.

First Trust Capital Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.2159 per share. This represents a $0.86 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, March 27th.

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).