First Trust Capital Strength ETF (NASDAQ:FTCS) Reaches New 1-Year High – Should You Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS) hit a new 52-week high during trading on Thursday. The stock traded as high as $106.45 and last traded at $106.5090, with a volume of 424 shares traded. The stock had previously closed at $105.70.

First Trust Capital Strength ETF Stock Up 0.6%

The company has a fifty day simple moving average of $98.24 and a 200-day simple moving average of $96.38. The firm has a market cap of $8.25 billion, a P/E ratio of 21.51 and a beta of 0.67.

First Trust Capital Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.3332 dividend. The ex-dividend date was Thursday, September 24th. This represents a $1.33 dividend on an annualized basis and a yield of 1.3%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.2636.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC increased its position in shares of First Trust Capital Strength ETF by 5.5% during the third quarter. Cornerstone Wealth Management LLC now owns 26,191 shares of the company’s stock valued at $2,458,000 after acquiring an additional 1,358 shares during the last quarter. Triton Wealth Management PLLC bought a new position in First Trust Capital Strength ETF during the 3rd quarter worth approximately $231,000. Navigoe LLC bought a new stake in shares of First Trust Capital Strength ETF in the 3rd quarter valued at approximately $62,000. M Holdings Securities Inc. acquired a new stake in shares of First Trust Capital Strength ETF during the 3rd quarter valued at approximately $375,000. Finally, Avantax Planning Partners Inc. bought a new position in First Trust Capital Strength ETF during the third quarter worth $1,117,000.

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.