First Trust Capital Strength ETF (NASDAQ:FTCS) Reaches New 52-Week High – Here’s What Happened

First Trust Capital Strength ETF (NASDAQ:FTCS)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $102.93 and last traded at $101.90, with a volume of 533124 shares. The stock had previously closed at $100.91.

First Trust Capital Strength ETF Stock Up 0.7%

The company has a 50 day moving average price of $97.34 and a 200-day moving average price of $95.63. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.2636 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Capital Strength ETF

Large investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of First Trust Capital Strength ETF by 1.5% in the second 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 increased its holdings in 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 purchasing an additional 11,966 shares during the period. Royal Bank of Canada raised its position in First Trust Capital Strength ETF by 1.9% during the 4th quarter. Royal Bank of Canada now owns 1,181,806 shares of the company’s stock worth $109,332,000 after purchasing an additional 22,147 shares during the last quarter. Ameriprise Financial Inc. raised its position in First Trust Capital Strength ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock worth $88,750,000 after purchasing an additional 22,849 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in First Trust Capital Strength ETF by 3.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 470,218 shares of the company’s stock worth $43,501,000 after buying an additional 14,814 shares during the period.

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.