Modern Wealth Management LLC Takes $398,000 Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Modern Wealth Management LLC purchased a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,423 shares of the company’s stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTCS. Kestra Investment Management LLC acquired a new position in shares of First Trust Capital Strength ETF during the fourth quarter worth $38,000. Knuff & Co LLC purchased a new stake in First Trust Capital Strength ETF during the 4th quarter worth $88,000. Stephens Consulting LLC lifted its holdings in First Trust Capital Strength ETF by 20.7% in the 4th quarter. Stephens Consulting LLC now owns 1,069 shares of the company’s stock worth $94,000 after buying an additional 183 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in First Trust Capital Strength ETF in the 4th quarter valued at about $99,000. Finally, Thompson Investment Management Inc. acquired a new stake in shares of First Trust Capital Strength ETF during the fourth quarter valued at about $116,000.

First Trust Capital Strength ETF Stock Performance

NASDAQ:FTCS opened at $89.45 on Friday. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 23.46 and a beta of 0.86. First Trust Capital Strength ETF has a one year low of $81.16 and a one year high of $94.23. The business’s 50-day simple moving average is $89.70 and its 200 day simple moving average is $90.19.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.2159 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, March 27th.

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).