Independent Wealth Network Inc. Has $1.24 Million Holdings in First Trust Capital Strength ETF $FTCS

Independent Wealth Network Inc. boosted its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 82.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,407 shares of the company’s stock after purchasing an additional 6,052 shares during the quarter. Independent Wealth Network Inc.’s holdings in First Trust Capital Strength ETF were worth $1,244,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FTCS. Impact Partnership Wealth LLC grew its holdings in First Trust Capital Strength ETF by 2.8% during the fourth quarter. Impact Partnership Wealth LLC now owns 3,734 shares of the company’s stock worth $345,000 after buying an additional 103 shares in the last quarter. Wisconsin Wealth Advisors LLC increased its holdings in First Trust Capital Strength ETF by 0.5% during the fourth quarter. Wisconsin Wealth Advisors LLC now owns 20,243 shares of the company’s stock worth $1,873,000 after buying an additional 108 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of First Trust Capital Strength ETF by 0.6% in the 4th quarter. Park Avenue Securities LLC now owns 18,904 shares of the company’s stock worth $1,749,000 after purchasing an additional 109 shares during the period. Advisory Services Network LLC raised its stake in shares of First Trust Capital Strength ETF by 1.1% in the fourth quarter. Advisory Services Network LLC now owns 10,249 shares of the company’s stock valued at $948,000 after buying an additional 110 shares during the period. Finally, Blair William & Co. IL raised its stake in First Trust Capital Strength ETF by 1.8% in the 4th quarter. Blair William & Co. IL now owns 6,756 shares of the company’s stock valued at $625,000 after acquiring an additional 117 shares during the period.

First Trust Capital Strength ETF Trading Down 0.6%

Shares of FTCS stock opened at $93.28 on Friday. The stock has a market capitalization of $7.82 billion, a P/E ratio of 21.51 and a beta of 0.71. The firm’s 50 day moving average is $93.42 and its 200 day moving average is $94.49. First Trust Capital Strength ETF has a 12 month low of $89.39 and a 12 month high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a dividend of $0.2636 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.05 dividend on an annualized basis and a yield of 1.1%.

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.