Dakota Wealth Management Invests $4.40 Million in First Trust Capital Strength ETF $FTCS

Dakota Wealth Management purchased a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 47,526 shares of the company’s stock, valued at approximately $4,397,000. Dakota Wealth Management owned 0.05% of First Trust Capital Strength ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FTCS. AQR Capital Management LLC raised its position in shares of First Trust Capital Strength ETF by 93.9% during the first quarter. AQR Capital Management LLC now owns 5,690 shares of the company’s stock worth $510,000 after purchasing an additional 2,755 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in First Trust Capital Strength ETF by 9.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333,602 shares of the company’s stock valued at $30,321,000 after buying an additional 28,986 shares during the last quarter. Smith Moore & CO. lifted its position in First Trust Capital Strength ETF by 1.4% during the second quarter. Smith Moore & CO. now owns 14,657 shares of the company’s stock worth $1,332,000 after acquiring an additional 206 shares during the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of First Trust Capital Strength ETF by 11.5% in the second quarter. Beacon Pointe Advisors LLC now owns 17,645 shares of the company’s stock valued at $1,604,000 after acquiring an additional 1,825 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of First Trust Capital Strength ETF by 492.0% in 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 during the period.

First Trust Capital Strength ETF Stock Performance

NASDAQ:FTCS opened at $91.46 on Friday. First Trust Capital Strength ETF has a 52 week low of $80.65 and a 52 week high of $99.74. The firm’s 50-day simple moving average is $96.40 and its 200 day simple moving average is $94.03. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.2873 per share. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 26th.

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.