Modern Wealth Management LLC Acquires New Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Modern Wealth Management LLC bought a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the fourth quarter, HoldingsChannel reports. The firm bought 4,423 shares of the company’s stock, valued at approximately $398,000.

A number of other large investors also recently bought and sold shares of FTCS. LPL Financial LLC grew its position in shares of First Trust Capital Strength ETF by 2.3% during the 4th quarter. LPL Financial LLC now owns 7,542,669 shares of the company’s stock valued at $662,397,000 after buying an additional 169,120 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Capital Strength ETF in the fourth quarter valued at approximately $494,019,000. Wealthfront Advisers LLC bought a new position in shares of First Trust Capital Strength ETF during the fourth quarter valued at approximately $59,656,000. Pollock Investment Advisors LLC acquired a new stake in shares of First Trust Capital Strength ETF during the 4th quarter worth approximately $48,383,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of First Trust Capital Strength ETF by 20.6% in the 4th quarter. Kestra Advisory Services LLC now owns 504,415 shares of the company’s stock worth $44,298,000 after purchasing an additional 86,093 shares during the last quarter.

First Trust Capital Strength ETF Price Performance

NASDAQ:FTCS opened at $89.45 on Friday. The firm has a market capitalization of $8.81 billion, a P/E ratio of 23.46 and a beta of 0.86. The business has a 50 day simple moving average of $89.70 and a 200 day simple moving average of $90.19. First Trust Capital Strength ETF has a 12-month low of $81.16 and a 12-month high of $94.23.

First Trust Capital Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.2159 per share. This represents a $0.86 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, March 27th.

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).