IFS Group LLC Invests $3.23 Million in First Trust Capital Strength ETF $FTCS

IFS Group LLC acquired a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) during the first quarter, Holdings Channel.com reports. The firm acquired 34,831 shares of the company’s stock, valued at approximately $3,231,000. First Trust Capital Strength ETF accounts for 2.9% of IFS Group LLC’s portfolio, making the stock its 3rd biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitlin John LLC increased its holdings in First Trust Capital Strength ETF by 288.0% in the fourth quarter. Caitlin John LLC now owns 291 shares of the company’s stock worth $27,000 after purchasing an additional 216 shares in the last quarter. BOKF NA acquired a new position in First Trust Capital Strength ETF in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of First Trust Capital Strength ETF by 492.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after buying an additional 246 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of First Trust Capital Strength ETF by 140.0% during the 4th quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock worth $28,000 after buying an additional 175 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in shares of First Trust Capital Strength ETF during the 4th quarter worth approximately $30,000.

First Trust Capital Strength ETF Stock Up 1.8%

Shares of FTCS stock opened at $100.21 on Wednesday. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71. First Trust Capital Strength ETF has a 52 week low of $89.76 and a 52 week high of $100.89. The firm has a 50 day moving average of $94.92 and a 200-day moving average of $95.05.

First Trust Capital Strength ETF Cuts Dividend

The business also recently announced 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 of this dividend was Thursday, June 25th. This represents a $1.05 annualized dividend 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.