IMG Wealth Management Inc. Sells 48,466 Shares of First Trust Capital Strength ETF $FTCS

IMG Wealth Management Inc. reduced its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 65.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,210 shares of the company’s stock after selling 48,466 shares during the quarter. First Trust Capital Strength ETF makes up approximately 1.5% of IMG Wealth Management Inc.’s holdings, making the stock its 18th biggest position. IMG Wealth Management Inc.’s holdings in First Trust Capital Strength ETF were worth $2,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 246 shares in the last quarter. BOKF NA bought a new position in shares of First Trust Capital Strength ETF in the third quarter valued at $28,000. Whittier Trust Co. bought a new position in shares of First Trust Capital Strength ETF in the fourth quarter valued at $30,000. Root Financial Partners LLC bought a new position in shares of First Trust Capital Strength ETF in the third quarter valued at $37,000. Finally, Smartleaf Asset Management LLC bought a new position in shares of First Trust Capital Strength ETF in the second quarter valued at $40,000.

First Trust Capital Strength ETF Trading Down 0.2%

NASDAQ:FTCS opened at $92.50 on Friday. First Trust Capital Strength ETF has a 1-year low of $88.70 and a 1-year high of $99.74. The firm has a fifty day simple moving average of $93.54 and a 200 day simple moving average of $94.09. The stock has a market capitalization of $7.75 billion, a PE ratio of 21.51 and a beta of 0.73.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.2873 dividend. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, March 26th.

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.