First Trust Capital Strength ETF (NASDAQ:FTCS) Sets New 1-Year High – Here’s What Happened

Shares of First Trust Capital Strength ETF (NASDAQ:FTCS) hit a new 52-week high during trading on Thursday . The company traded as high as $96.72 and last traded at $96.06, with a volume of 195569 shares traded. The stock had previously closed at $95.93.

First Trust Capital Strength ETF Price Performance

The firm has a market cap of $8.28 billion, a P/E ratio of 21.51 and a beta of 0.80. The business’s 50-day moving average is $93.80 and its two-hundred day moving average is $92.83.

First Trust Capital Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.2607 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of First Trust Capital Strength ETF by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock worth $155,806,000 after purchasing an additional 25,024 shares during the last quarter. UBS Group AG grew its stake in shares of First Trust Capital Strength ETF by 0.8% in the fourth quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock valued at $131,380,000 after buying an additional 11,966 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in 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 buying an additional 22,849 shares during the last quarter. Jones Financial Companies Lllp raised its position in First Trust Capital Strength ETF by 19.9% during the third quarter. Jones Financial Companies Lllp now owns 665,115 shares of the company’s stock worth $61,760,000 after acquiring an additional 110,480 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in First Trust Capital Strength ETF by 3.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 470,218 shares of the company’s stock worth $43,501,000 after acquiring an additional 14,814 shares in the last quarter.

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.