Harbour Investments Inc. Trims Stake in First Trust Capital Strength ETF $FTCS

Harbour Investments Inc. reduced its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 401,259 shares of the company’s stock after selling 191,701 shares during the period. First Trust Capital Strength ETF comprises 0.8% of Harbour Investments Inc.’s portfolio, making the stock its 23rd largest holding. Harbour Investments Inc.’s holdings in First Trust Capital Strength ETF were worth $37,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BOKF NA purchased a new stake in First Trust Capital Strength ETF during the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its position 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 worth $27,000 after purchasing an additional 246 shares during the period. Whittier Trust Co. bought a new position in shares of First Trust Capital Strength ETF in the fourth quarter worth approximately $30,000. Root Financial Partners LLC bought a new position in shares of First Trust Capital Strength ETF in the third quarter worth approximately $37,000. Finally, Smartleaf Asset Management LLC bought a new position in shares of First Trust Capital Strength ETF in the second quarter worth approximately $40,000.

First Trust Capital Strength ETF Price Performance

FTCS opened at $94.51 on Tuesday. The firm has a market cap of $7.92 billion, a P/E ratio of 21.51 and a beta of 0.73. First Trust Capital Strength ETF has a 1-year low of $88.70 and a 1-year high of $99.74. The company has a 50 day simple moving average of $93.28 and a two-hundred day simple moving average of $94.20.

First Trust Capital Strength ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.2873 dividend. The ex-dividend date 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 dividend on an annualized basis and a dividend 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.