First Trust Capital Strength ETF (NASDAQ:FTCS) Sets New 52-Week High – What’s Next?

First Trust Capital Strength ETF (NASDAQ:FTCS)’s share price reached a new 52-week high on Thursday. The stock traded as high as $106.45 and last traded at $106.5090, with a volume of 424 shares changing hands. The stock had previously closed at $105.70.

First Trust Capital Strength ETF Stock Down 1.1%

The company’s 50 day simple moving average is $98.31 and its 200-day simple moving average is $96.46. The firm has a market cap of $7.96 billion, a P/E ratio of 21.51 and a beta of 0.67.

First Trust Capital Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.3332 per share. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636. This represents a $1.33 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in First Trust Capital Strength ETF in the second quarter valued at approximately $27,000. Mather Group LLC. bought a new position in First Trust Capital Strength ETF in the 3rd quarter valued at approximately $30,000. Asset Dedication LLC bought a new stake in First Trust Capital Strength ETF during the third quarter worth $35,000. Signature Equity Partners LLC bought a new stake in First Trust Capital Strength ETF in the 1st quarter worth approximately $46,000. Finally, Main Street Group LTD purchased a new stake in shares of First Trust Capital Strength ETF during the 1st quarter valued at about $46,000.

First Trust Capital Strength ETF Company 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.