BIP Wealth LLC Takes Position in First Trust Capital Strength ETF $FTCS

BIP Wealth LLC acquired a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,336 shares of the company’s stock, valued at approximately $1,789,000.

Other hedge funds have also modified their holdings of the company. BOKF NA purchased a new stake in shares of First Trust Capital Strength ETF during the third quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its position in shares of First Trust Capital Strength ETF by 492.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares during the last quarter. Davis Capital Management purchased a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at approximately $28,000. Princeton Global Asset Management LLC purchased a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at approximately $29,000. Finally, Mather Group LLC. purchased a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at approximately $30,000.

First Trust Capital Strength ETF Trading Up 2.1%

Shares of NASDAQ:FTCS opened at $94.52 on Thursday. The company’s 50 day moving average is $95.92 and its two-hundred day moving average is $94.05. The company has a market cap of $8.00 billion, a PE ratio of 21.51 and a beta of 0.78. First Trust Capital Strength ETF has a 52 week low of $80.66 and a 52 week high of $99.74.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.2873 per share. The ex-dividend date was Thursday, March 26th. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.2%.

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.