Keystone Wealth Services LLC Makes New $1.36 Million Investment in First Trust Capital Strength ETF $FTCS

Keystone Wealth Services LLC acquired a new position in First Trust Capital Strength ETF (NASDAQ:FTCS) during the third quarter, HoldingsChannel reports. The institutional investor acquired 14,566 shares of the company’s stock, valued at approximately $1,364,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTCS. Farmers & Merchants Investments Inc. bought a new stake in First Trust Capital Strength ETF in the second quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position in shares of First Trust Capital Strength ETF by 492.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares during the period. Davis Capital Management bought a new stake in shares of First Trust Capital Strength ETF during the 3rd quarter valued at about $28,000. Princeton Global Asset Management LLC bought a new stake in shares of First Trust Capital Strength ETF during the 3rd quarter valued at about $29,000. Finally, Mather Group LLC. purchased a new position in shares of First Trust Capital Strength ETF during the third quarter valued at about $30,000.

First Trust Capital Strength ETF Price Performance

FTCS stock opened at $93.53 on Tuesday. First Trust Capital Strength ETF has a 1 year low of $80.65 and a 1 year high of $94.37. The firm has a 50-day moving average of $92.18 and a 200 day moving average of $92.23. The company has a market cap of $8.15 billion, a P/E ratio of 21.51 and a beta of 0.80.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.2607 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, December 12th. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.