IFS Group LLC Makes New $3.23 Million Investment in First Trust Capital Strength ETF $FTCS

IFS Group LLC purchased a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 34,831 shares of the company’s stock, valued at approximately $3,231,000. First Trust Capital Strength ETF comprises approximately 2.9% of IFS Group LLC’s holdings, making the stock its 3rd largest position.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in shares of First Trust Capital Strength ETF by 93.9% in the first quarter. AQR Capital Management LLC now owns 5,690 shares of the company’s stock worth $510,000 after acquiring an additional 2,755 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in First Trust Capital Strength ETF by 492.0% in the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares during the last quarter. First Trust Advisors LP increased its position in First Trust Capital Strength ETF by 43.3% during the 2nd quarter. First Trust Advisors LP now owns 16,738 shares of the company’s stock valued at $1,521,000 after purchasing an additional 5,054 shares during the period. Qube Research & Technologies Ltd increased its position in First Trust Capital Strength ETF by 491.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 68,187 shares of the company’s stock valued at $6,198,000 after purchasing an additional 56,664 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in First Trust Capital Strength ETF during the 2nd quarter valued at approximately $511,000.

First Trust Capital Strength ETF Stock Performance

First Trust Capital Strength ETF stock opened at $100.21 on Wednesday. First Trust Capital Strength ETF has a 52-week low of $89.76 and a 52-week high of $100.89. The firm has a 50 day moving average price of $94.92 and a two-hundred day moving average price of $95.05. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.2636 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.05 annualized dividend and a dividend yield of 1.1%.

First Trust Capital Strength ETF Company 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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.