Gratus Wealth Advisors LLC Trims Stake in First Trust Capital Strength ETF $FTCS

Gratus Wealth Advisors LLC cut its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 26.3% in the first quarter, Holdings Channel reports. The firm owned 226,645 shares of the company’s stock after selling 80,848 shares during the period. First Trust Capital Strength ETF accounts for approximately 3.0% of Gratus Wealth Advisors LLC’s holdings, making the stock its 14th biggest position. Gratus Wealth Advisors LLC’s holdings in First Trust Capital Strength ETF were worth $21,024,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Investments LP lifted its stake in First Trust Capital Strength ETF by 1,226.4% in the third quarter. Two Sigma Investments LP now owns 286,500 shares of the company’s stock valued at $26,828,000 after buying an additional 264,900 shares during the last quarter. Evelyn Partners Investment Management Europe Ltd purchased a new position in shares of First Trust Capital Strength ETF during the fourth quarter worth approximately $16,633,000. Bank Hapoalim BM acquired a new position in shares of First Trust Capital Strength ETF in the 4th quarter valued at $14,709,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 acquiring an additional 131,322 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in First Trust Capital Strength ETF in the 4th quarter valued at $10,376,000.

First Trust Capital Strength ETF Price Performance

Shares of NASDAQ:FTCS opened at $96.61 on Monday. The stock has a market cap of $7.86 billion, a P/E ratio of 21.51 and a beta of 0.71. The firm has a fifty day moving average price of $93.92 and a 200 day moving average price of $94.74. First Trust Capital Strength ETF has a 1-year low of $89.39 and a 1-year high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.2636 dividend. This represents a $1.05 dividend on an annualized basis and a dividend 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.