Concentrum Wealth Management Has $10.25 Million Position in First Trust Capital Strength ETF $FTCS

Concentrum Wealth Management boosted its position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 5.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,417 shares of the company’s stock after buying an additional 5,341 shares during the period. First Trust Capital Strength ETF makes up approximately 3.9% of Concentrum Wealth Management’s investment portfolio, making the stock its 5th largest position. Concentrum Wealth Management owned about 0.12% of First Trust Capital Strength ETF worth $10,246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. Davis Capital Management bought a new stake in First Trust Capital Strength ETF during the third quarter worth $28,000. Princeton Global Asset Management LLC acquired a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at $29,000. Mather Group LLC. acquired a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at $30,000. Finally, Root Financial Partners LLC bought a new position in shares of First Trust Capital Strength ETF in the 3rd quarter valued at $37,000.

First Trust Capital Strength ETF Stock Performance

First Trust Capital Strength ETF stock opened at $98.06 on Monday. The stock has a fifty day moving average of $95.52 and a 200-day moving average of $93.57. The stock has a market capitalization of $8.39 billion, a P/E ratio of 21.51 and a beta of 0.80. First Trust Capital Strength ETF has a 52 week low of $80.65 and a 52 week high of $99.21.

First Trust Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.2607 per share. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.04 annualized dividend 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.