Investors Research Corp Makes New $16.35 Million Investment in First Trust Capital Strength ETF $FTCS

Investors Research Corp bought a new position in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 174,122 shares of the company’s stock, valued at approximately $16,354,000. First Trust Capital Strength ETF makes up about 2.9% of Investors Research Corp’s investment portfolio, making the stock its 8th largest holding. Investors Research Corp owned about 0.22% of First Trust Capital Strength ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Plus Group Wealth Advisors LLC purchased a new position in First Trust Capital Strength ETF during the 4th quarter worth approximately $1,675,000. Vestmark Advisory Solutions Inc. lifted its stake in First Trust Capital Strength ETF by 19.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 186,554 shares of the company’s stock valued at $17,258,000 after buying an additional 30,287 shares during the last quarter. World Investment Advisors lifted its stake in First Trust Capital Strength ETF by 17.5% in the fourth quarter. World Investment Advisors now owns 52,736 shares of the company’s stock valued at $4,879,000 after buying an additional 7,853 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of First Trust Capital Strength ETF by 80.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 37,874 shares of the company’s stock valued at $3,504,000 after acquiring an additional 16,919 shares during the period. Finally, DB&C Advisors LLC acquired a new stake in shares of First Trust Capital Strength ETF in the fourth quarter valued at approximately $961,000.

First Trust Capital Strength ETF Trading Down 0.7%

Shares of FTCS opened at $99.93 on Wednesday. The firm has a market cap of $7.93 billion, a PE ratio of 21.51 and a beta of 0.70. The company’s 50 day simple moving average is $98.43 and its 200-day simple moving average is $95.76. First Trust Capital Strength ETF has a 12-month low of $89.76 and a 12-month high of $102.93.

First Trust Capital Strength ETF Cuts Dividend

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

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.