Ergawealth Advisors Inc. Has $18.53 Million Holdings in First Trust Capital Strength ETF (NASDAQ:FTCS)

Ergawealth Advisors Inc. increased its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,080 shares of the company’s stock after buying an additional 2,190 shares during the period. First Trust Capital Strength ETF accounts for 9.2% of Ergawealth Advisors Inc.’s portfolio, making the stock its 2nd largest holding. Ergawealth Advisors Inc. owned 0.21% of First Trust Capital Strength ETF worth $18,530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTCS. Davis Capital Management acquired a new position in shares of First Trust Capital Strength ETF during the 2nd quarter worth $25,000. Moisand Fitzgerald Tamayo LLC bought a new stake in First Trust Capital Strength ETF in the third quarter worth $29,000. EverSource Wealth Advisors LLC acquired a new position in First Trust Capital Strength ETF during the second quarter worth $32,000. Asset Dedication LLC bought a new position in First Trust Capital Strength ETF during the second quarter valued at about $31,000. Finally, Headlands Technologies LLC acquired a new stake in shares of First Trust Capital Strength ETF in the first quarter worth about $33,000.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ FTCS opened at $90.67 on Friday. The business’s 50-day simple moving average is $90.40 and its 200-day simple moving average is $86.35. First Trust Capital Strength ETF has a 52 week low of $71.11 and a 52 week high of $93.05. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.2566 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.03 dividend on an annualized basis and a yield of 1.13%.

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).