Moneywise Inc. Decreases Stake in First Trust Capital Strength ETF (NASDAQ:FTCS)

Moneywise Inc. reduced its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 29.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,214 shares of the company’s stock after selling 8,759 shares during the period. First Trust Capital Strength ETF makes up 0.9% of Moneywise Inc.’s holdings, making the stock its 22nd biggest position. Moneywise Inc.’s holdings in First Trust Capital Strength ETF were worth $1,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kingswood Wealth Advisors LLC raised its stake in First Trust Capital Strength ETF by 0.3% during the second quarter. Kingswood Wealth Advisors LLC now owns 42,866 shares of the company’s stock worth $3,603,000 after purchasing an additional 122 shares during the period. Clarity Capital Partners LLC raised its stake in First Trust Capital Strength ETF by 4.3% during the first quarter. Clarity Capital Partners LLC now owns 3,121 shares of the company’s stock worth $267,000 after purchasing an additional 128 shares during the period. BlueChip Wealth Advisors LLC raised its stake in First Trust Capital Strength ETF by 0.4% during the first quarter. BlueChip Wealth Advisors LLC now owns 35,306 shares of the company’s stock worth $3,024,000 after purchasing an additional 131 shares during the period. SRS Capital Advisors Inc. raised its stake in First Trust Capital Strength ETF by 0.8% during the second quarter. SRS Capital Advisors Inc. now owns 17,102 shares of the company’s stock worth $1,437,000 after purchasing an additional 138 shares during the period. Finally, Herold Advisors Inc. raised its stake in First Trust Capital Strength ETF by 1.6% during the second quarter. Herold Advisors Inc. now owns 9,033 shares of the company’s stock worth $759,000 after purchasing an additional 139 shares during the period.

First Trust Capital Strength ETF Price Performance

Shares of FTCS stock opened at $91.53 on Tuesday. The firm’s 50-day moving average is $90.14 and its two-hundred day moving average is $86.23. First Trust Capital Strength ETF has a 12 month low of $71.11 and a 12 month high of $93.05. The company has a market capitalization of $9.06 billion, a PE ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.2566 per share. This represents a $1.03 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, September 26th.

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).