Investors Research Corp Purchases New Holdings in First Trust Capital Strength ETF $FTCS

Investors Research Corp acquired a new stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 174,122 shares of the company’s stock, valued at approximately $16,354,000. First Trust Capital Strength ETF comprises 2.9% of Investors Research Corp’s portfolio, making the stock its 8th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of First Trust Capital Strength ETF by 1.5% in the 2nd quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock valued at $155,806,000 after purchasing an additional 25,024 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Capital Strength ETF by 1.9% during the fourth quarter. Royal Bank of Canada now owns 1,181,806 shares of the company’s stock worth $109,332,000 after purchasing an additional 22,147 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Capital Strength ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock worth $88,750,000 after purchasing an additional 22,849 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in First Trust Capital Strength ETF by 39.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock valued at $42,775,000 after buying an additional 131,322 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in First Trust Capital Strength ETF by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 418,008 shares of the company’s stock valued at $38,671,000 after buying an additional 16,707 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS opened at $99.93 on Wednesday. The stock has a market capitalization of $7.93 billion, a P/E ratio of 21.51 and a beta of 0.70. First Trust Capital Strength ETF has a 1 year low of $89.76 and a 1 year high of $102.93. The company’s fifty day moving average is $98.43 and its two-hundred day moving average is $95.76.

First Trust Capital Strength ETF Cuts Dividend

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

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.