First Trust Capital Strength ETF $FTCS Holdings Decreased by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. trimmed its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 24.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,518 shares of the company’s stock after selling 39,414 shares during the quarter. First Trust Capital Strength ETF comprises about 5.3% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 5th biggest holding. Ergawealth Advisors Inc. owned about 0.14% of First Trust Capital Strength ETF worth $11,379,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of First Trust Capital Strength ETF by 503.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,234,549 shares of the company’s stock valued at $200,305,000 after purchasing an additional 1,864,116 shares in the last quarter. Bank of America Corp DE grew its stake in shares of First Trust Capital Strength ETF by 1.5% in the 2nd quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock worth $155,806,000 after buying an additional 25,024 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of First Trust Capital Strength ETF by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock worth $88,750,000 after buying an additional 22,849 shares during the last quarter. Truist Financial Corp increased its position in First Trust Capital Strength ETF by 0.4% during the 2nd quarter. Truist Financial Corp now owns 571,494 shares of the company’s stock valued at $51,943,000 after buying an additional 2,171 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in First Trust Capital Strength ETF by 5.9% during the second quarter. Concurrent Investment Advisors LLC now owns 441,872 shares of the company’s stock valued at $40,162,000 after buying an additional 24,798 shares during the last quarter.

First Trust Capital Strength ETF Trading Down 0.2%

First Trust Capital Strength ETF stock opened at $93.42 on Tuesday. First Trust Capital Strength ETF has a 12 month low of $80.65 and a 12 month high of $94.37. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80. The business’s fifty day simple moving average is $92.25 and its two-hundred day simple moving average is $92.11.

First Trust Capital Strength ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be paid a $0.2607 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, December 12th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.