34,342 First Trust Capital Strength ETF $FTCS Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. trimmed its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 7.9% during the third quarter, HoldingsChannel reports. The fund owned 402,543 shares of the company’s stock after selling 34,342 shares during the period. Harbour Investments Inc.’s holdings in First Trust Capital Strength ETF were worth $37,779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTCS. Commonwealth Equity Services LLC bought a new stake in First Trust Capital Strength ETF in the 3rd quarter valued at $68,130,000. D.A. Davidson & CO. acquired a new position in First Trust Capital Strength ETF in the 3rd quarter worth $26,112,000. Investors Research Corp bought a new position in First Trust Capital Strength ETF during the 2nd quarter worth about $16,354,000. Oppenheimer & Co. Inc. bought a new position in First Trust Capital Strength ETF during the 3rd quarter worth about $12,562,000. Finally, NI Acquisitions Company LLC bought a new position in First Trust Capital Strength ETF during the 2nd quarter worth about $8,494,000.

First Trust Capital Strength ETF Price Performance

Shares of FTCS traded up $0.52 during midday trading on Friday, hitting $104.88. The stock had a trading volume of 229,113 shares, compared to its average volume of 517,527. The company has a 50 day simple moving average of $98.73 and a two-hundred day simple moving average of $96.67. First Trust Capital Strength ETF has a twelve month low of $89.76 and a twelve month high of $106.65. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 20.65 and a beta of 0.67.

First Trust Capital Strength ETF Increases Dividend

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

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.