IFG Advisory LLC Trims Position in First Trust Capital Strength ETF $FTCS

IFG Advisory LLC trimmed its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 279,311 shares of the company’s stock after selling 58,208 shares during the quarter. First Trust Capital Strength ETF comprises about 1.1% of IFG Advisory LLC’s investment portfolio, making the stock its 10th biggest position. IFG Advisory LLC’s holdings in First Trust Capital Strength ETF were worth $25,839,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FTCS. Two Sigma Investments LP increased its holdings in shares of First Trust Capital Strength ETF by 1,226.4% in the third quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock worth $26,828,000 after purchasing an additional 264,900 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Capital Strength ETF by 39.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock worth $42,775,000 after purchasing an additional 131,322 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth about $10,376,000. Jones Financial Companies Lllp increased its holdings in shares of First Trust Capital Strength ETF by 19.9% in the third quarter. Jones Financial Companies Lllp now owns 665,115 shares of the company’s stock worth $61,760,000 after purchasing an additional 110,480 shares during the last quarter. Finally, Summit Wealth Group LLC Co. bought a new stake in shares of First Trust Capital Strength ETF in the fourth quarter worth about $9,521,000.

First Trust Capital Strength ETF Trading Down 0.5%

Shares of FTCS stock opened at $93.68 on Thursday. First Trust Capital Strength ETF has a 12-month low of $88.70 and a 12-month high of $99.74. The stock’s 50-day moving average price is $93.26 and its 200-day moving average price is $94.24. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 21.51 and a beta of 0.73.

First Trust Capital Strength ETF Increases Dividend

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

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.