First Trust Capital Strength ETF $FTCS Stake Lowered by Randall & Associates Wealth Management

Randall & Associates Wealth Management reduced its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,042 shares of the company’s stock after selling 14,484 shares during the quarter. First Trust Capital Strength ETF accounts for approximately 16.5% of Randall & Associates Wealth Management’s investment portfolio, making the stock its largest holding. Randall & Associates Wealth Management’s holdings in First Trust Capital Strength ETF were worth $23,872,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. Davis Capital Management bought a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at about $28,000. BOKF NA bought a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at about $28,000. Princeton Global Asset Management LLC purchased a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter worth approximately $29,000. Finally, Mather Group LLC. purchased a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter worth approximately $30,000.

First Trust Capital Strength ETF Stock Performance

NASDAQ FTCS opened at $91.46 on Friday. The company has a market cap of $7.83 billion, a PE ratio of 21.51 and a beta of 0.80. The firm’s 50 day moving average price is $96.40 and its 200-day moving average price is $94.04. First Trust Capital Strength ETF has a 52-week low of $80.65 and a 52-week high of $99.74.

First Trust Capital Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.2873 per share. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, March 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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.