IMG Wealth Management Inc. Has $2.33 Million Stock Holdings in First Trust Capital Strength ETF $FTCS

IMG Wealth Management Inc. decreased its holdings in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 65.8% in the 4th quarter, HoldingsChannel reports. The firm owned 25,210 shares of the company’s stock after selling 48,466 shares during the period. First Trust Capital Strength ETF makes up approximately 1.5% of IMG Wealth Management Inc.’s holdings, making the stock its 18th largest holding. IMG Wealth Management Inc.’s holdings in First Trust Capital Strength ETF were worth $2,332,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in First Trust Capital Strength ETF by 39.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 462,385 shares of the company’s stock valued at $42,775,000 after purchasing an additional 131,322 shares during the last quarter. PCG Wealth Advisors LLC lifted its holdings in First Trust Capital Strength ETF by 0.9% during the 4th quarter. PCG Wealth Advisors LLC now owns 73,994 shares of the company’s stock valued at $6,845,000 after purchasing an additional 670 shares during the last quarter. Western Wealth Management LLC lifted its holdings in First Trust Capital Strength ETF by 1.9% during the 4th quarter. Western Wealth Management LLC now owns 113,606 shares of the company’s stock valued at $10,510,000 after purchasing an additional 2,160 shares during the last quarter. Summit Wealth Group LLC Co. acquired a new stake in First Trust Capital Strength ETF during the 4th quarter valued at $9,521,000. Finally, World Investment Advisors lifted its holdings in First Trust Capital Strength ETF by 17.5% during the 4th quarter. World Investment Advisors now owns 52,736 shares of the company’s stock valued at $4,879,000 after purchasing an additional 7,853 shares during the last quarter.

First Trust Capital Strength ETF Price Performance

Shares of First Trust Capital Strength ETF stock opened at $92.50 on Friday. The business has a fifty day simple moving average of $93.54 and a two-hundred day simple moving average of $94.09. 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 market capitalization of $7.75 billion, a price-to-earnings ratio of 21.51 and a beta of 0.73.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.2873 per share. 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%. The ex-dividend date of this dividend was Thursday, March 26th.

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.