Lokken Investment Group LLC Has $4.14 Million Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Lokken Investment Group LLC increased its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,104 shares of the company’s stock after buying an additional 1,457 shares during the period. First Trust Capital Strength ETF comprises approximately 1.8% of Lokken Investment Group LLC’s portfolio, making the stock its 16th largest position. Lokken Investment Group LLC’s holdings in First Trust Capital Strength ETF were worth $4,137,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of First Trust Capital Strength ETF in the fourth quarter valued at about $494,019,000. Wealthfront Advisers LLC bought a new stake in First Trust Capital Strength ETF in the fourth quarter valued at approximately $59,656,000. Pollock Investment Advisors LLC acquired a new stake in First Trust Capital Strength ETF during the 4th quarter valued at approximately $48,383,000. SRS Capital Advisors Inc. raised its holdings in First Trust Capital Strength ETF by 1,793.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 326,589 shares of the company’s stock worth $28,681,000 after purchasing an additional 309,338 shares during the last quarter. Finally, Independent Advisor Alliance lifted its position in shares of First Trust Capital Strength ETF by 5,063.8% in the 4th quarter. Independent Advisor Alliance now owns 250,288 shares of the company’s stock worth $21,980,000 after purchasing an additional 245,441 shares during the period.

First Trust Capital Strength ETF Stock Performance

NASDAQ:FTCS opened at $89.64 on Tuesday. First Trust Capital Strength ETF has a 52 week low of $81.16 and a 52 week high of $94.23. The firm’s fifty day moving average is $89.70 and its 200-day moving average is $90.19. The firm has a market cap of $8.83 billion, a P/E ratio of 23.46 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.2159 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 0.96%.

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).