Pinnacle Family Advisors LLC Purchases 9,363 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Pinnacle Family Advisors LLC raised its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 52.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,366 shares of the company’s stock after purchasing an additional 9,363 shares during the quarter. First Trust Capital Strength ETF accounts for about 1.3% of Pinnacle Family Advisors LLC’s holdings, making the stock its 23rd biggest holding. Pinnacle Family Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $2,485,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust Capital Strength ETF by 5.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,407,234 shares of the company’s stock valued at $286,344,000 after buying an additional 190,799 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of First Trust Capital Strength ETF by 8,647.9% in the third quarter. International Assets Investment Management LLC now owns 3,124,647 shares of the company’s stock worth $283,718,000 after purchasing an additional 3,088,928 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of First Trust Capital Strength ETF by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,082,732 shares of the company’s stock worth $90,993,000 after purchasing an additional 7,761 shares during the last quarter. Harbour Investments Inc. increased its holdings in First Trust Capital Strength ETF by 3.1% in the third quarter. Harbour Investments Inc. now owns 622,696 shares of the company’s stock valued at $56,541,000 after purchasing an additional 18,569 shares during the period. Finally, Kowal Investment Group LLC raised its position in First Trust Capital Strength ETF by 24.6% during the 2nd quarter. Kowal Investment Group LLC now owns 610,585 shares of the company’s stock worth $51,314,000 after purchasing an additional 120,675 shares during the last quarter.

First Trust Capital Strength ETF Trading Down 0.4 %

Shares of FTCS opened at $93.21 on Wednesday. The company has a market capitalization of $9.20 billion, a PE ratio of 21.52 and a beta of 0.86. The stock’s 50-day moving average price is $91.46 and its two-hundred day moving average price is $88.14. First Trust Capital Strength ETF has a 12 month low of $77.57 and a 12 month high of $94.23.

First Trust Capital Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2566 dividend. This represents a $1.03 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, September 26th.

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).