Brown Advisory Inc. Sells 755 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Brown Advisory Inc. cut its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 22.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,666 shares of the company’s stock after selling 755 shares during the quarter. Brown Advisory Inc.’s holdings in First Trust Capital Strength ETF were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FTCS. GAMMA Investing LLC boosted its holdings in First Trust Capital Strength ETF by 9,212.3% in the first quarter. GAMMA Investing LLC now owns 867,626 shares of the company’s stock worth $77,774,000 after acquiring an additional 858,309 shares in the last quarter. Bank of America Corp DE boosted its holdings in First Trust Capital Strength ETF by 57.8% in the fourth quarter. Bank of America Corp DE now owns 1,714,864 shares of the company’s stock worth $150,599,000 after acquiring an additional 628,128 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in First Trust Capital Strength ETF in the fourth quarter worth $18,046,000. Kingswood Wealth Advisors LLC boosted its holdings in First Trust Capital Strength ETF by 200.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 283,288 shares of the company’s stock worth $25,407,000 after acquiring an additional 188,868 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in First Trust Capital Strength ETF by 2.3% in the fourth quarter. LPL Financial LLC now owns 7,542,669 shares of the company’s stock worth $662,397,000 after acquiring an additional 169,120 shares in the last quarter.

First Trust Capital Strength ETF Trading Up 0.6%

First Trust Capital Strength ETF stock opened at $90.28 on Thursday. The business’s fifty day simple moving average is $90.67 and its two-hundred day simple moving average is $89.24. First Trust Capital Strength ETF has a 12 month low of $80.66 and a 12 month high of $94.23. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 21.51 and a beta of 0.86.

First Trust Capital Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a $0.2334 dividend. This represents a $0.93 annualized dividend and a yield of 1.03%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, June 26th.

About First Trust Capital Strength ETF

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).