LPL Financial LLC Sells 189,079 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

LPL Financial LLC lessened its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,373,549 shares of the company’s stock after selling 189,079 shares during the quarter. LPL Financial LLC owned approximately 7.47% of First Trust Capital Strength ETF worth $669,518,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Davis Capital Management acquired a new position in shares of First Trust Capital Strength ETF in the second quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC bought a new position in First Trust Capital Strength ETF in the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC bought a new position in First Trust Capital Strength ETF in the 2nd quarter valued at about $32,000. Asset Dedication LLC bought a new stake in shares of First Trust Capital Strength ETF during the second quarter worth approximately $31,000. Finally, ORG Partners LLC bought a new stake in shares of First Trust Capital Strength ETF during the third quarter worth approximately $64,000.

First Trust Capital Strength ETF Trading Up 0.4 %

First Trust Capital Strength ETF stock opened at $91.17 on Thursday. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 12 month low of $76.26 and a 12 month high of $93.12. The stock’s 50 day moving average is $90.91 and its 200-day moving average is $87.49.

First Trust Capital Strength ETF Cuts Dividend

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