Ergawealth Advisors Inc. Sells 81,378 Shares of First Trust Capital Strength ETF $FTCS

Ergawealth Advisors Inc. reduced its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 67.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,140 shares of the company’s stock after selling 81,378 shares during the quarter. First Trust Capital Strength ETF makes up about 1.7% of Ergawealth Advisors Inc.’s portfolio, making the stock its 11th biggest holding. Ergawealth Advisors Inc.’s holdings in First Trust Capital Strength ETF were worth $3,713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake 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 during the period. Davis Capital Management bought a new position in shares of First Trust Capital Strength ETF during the 3rd quarter worth approximately $28,000. BOKF NA bought a new position in shares of First Trust Capital Strength ETF during the 3rd quarter worth approximately $28,000. Princeton Global Asset Management LLC bought a new position in shares of First Trust Capital Strength ETF during the 3rd quarter worth approximately $29,000. Finally, Mather Group LLC. bought a new position in shares of First Trust Capital Strength ETF during the 3rd quarter worth approximately $30,000.

First Trust Capital Strength ETF Trading Up 2.1%

Shares of NASDAQ FTCS opened at $94.52 on Thursday. First Trust Capital Strength ETF has a 12 month low of $80.66 and a 12 month high of $99.74. The stock has a 50 day moving average of $95.92 and a 200-day moving average of $94.05. The company has a market capitalization of $8.00 billion, a P/E ratio of 21.51 and a beta of 0.78.

First Trust Capital Strength ETF Increases Dividend

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

About First Trust Capital Strength ETF

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.