First Trust Capital Strength ETF $FTCS is Archer Investment Corp’s Largest Position

Archer Investment Corp decreased its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 322,440 shares of the company’s stock after selling 5,423 shares during the period. First Trust Capital Strength ETF comprises approximately 6.8% of Archer Investment Corp’s holdings, making the stock its biggest holding. Archer Investment Corp owned about 0.36% of First Trust Capital Strength ETF worth $30,193,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FTCS. EverSource Wealth Advisors LLC grew its stake in shares of First Trust Capital Strength ETF by 492.0% during the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares in the last quarter. Davis Capital Management acquired a new stake in First Trust Capital Strength ETF during the 3rd quarter valued at approximately $28,000. Princeton Global Asset Management LLC acquired a new stake in First Trust Capital Strength ETF during the 3rd quarter valued at approximately $29,000. Mather Group LLC. purchased a new stake in First Trust Capital Strength ETF during the 3rd quarter worth approximately $30,000. Finally, Root Financial Partners LLC acquired a new position in shares of First Trust Capital Strength ETF in the 3rd quarter valued at approximately $37,000.

First Trust Capital Strength ETF Trading Down 0.2%

FTCS stock opened at $95.93 on Thursday. The firm has a 50 day simple moving average of $93.57 and a 200-day simple moving average of $92.76. The company has a market capitalization of $8.23 billion, a P/E ratio of 21.51 and a beta of 0.80. First Trust Capital Strength ETF has a twelve month low of $80.65 and a twelve month high of $96.50.

First Trust Capital Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.2607 dividend. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, December 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%.

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