Midwest Financial Network LLC Sells 5,134 Shares of First Trust Capital Strength ETF $FTCS

Midwest Financial Network LLC trimmed its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 16.4% during the first quarter, Holdings Channel reports. The firm owned 26,246 shares of the company’s stock after selling 5,134 shares during the period. First Trust Capital Strength ETF comprises 1.9% of Midwest Financial Network LLC’s holdings, making the stock its 16th biggest holding. Midwest Financial Network LLC’s holdings in First Trust Capital Strength ETF were worth $2,435,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FTCS. Crux Wealth Advisors lifted its position in shares of First Trust Capital Strength ETF by 392.8% during the 4th quarter. Crux Wealth Advisors now owns 30,872 shares of the company’s stock worth $2,856,000 after buying an additional 24,608 shares during the period. tru Independence LLC grew its position in First Trust Capital Strength ETF by 8.3% in the fourth quarter. tru Independence LLC now owns 177,567 shares of the company’s stock valued at $16,427,000 after acquiring an additional 13,662 shares during the period. Plus Group Wealth Advisors LLC acquired a new position in First Trust Capital Strength ETF during the fourth quarter worth $1,675,000. Merit Financial Group LLC acquired a new position in First Trust Capital Strength ETF during the fourth quarter worth $10,376,000. Finally, Galvin Gaustad & Stein LLC acquired a new position in First Trust Capital Strength ETF during the fourth quarter worth $973,000.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ FTCS opened at $98.80 on Friday. First Trust Capital Strength ETF has a 52-week low of $89.76 and a 52-week high of $101.12. The business has a fifty day moving average of $95.25 and a two-hundred day moving average of $95.15. The stock has a market cap of $7.87 billion, a PE ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Cuts Dividend

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

First Trust Capital Strength ETF 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.