Confluence Wealth Services Inc. Invests $1.70 Million in First Trust Capital Strength ETF $FTCS

Confluence Wealth Services Inc. purchased a new position in First Trust Capital Strength ETF (NASDAQ:FTCS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,651 shares of the company’s stock, valued at approximately $1,695,000.

Several other institutional investors and hedge funds have also bought and sold shares of FTCS. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust Capital Strength ETF in the 2nd quarter valued at approximately $25,000. CENTRAL TRUST Co bought a new position in First Trust Capital Strength ETF in the first quarter valued at approximately $29,000. Abound Wealth Management acquired a new position in First Trust Capital Strength ETF during the second quarter valued at approximately $32,000. Flaharty Asset Management LLC acquired a new position in First Trust Capital Strength ETF during the first quarter valued at approximately $37,000. Finally, BankPlus Trust Department lifted its stake in First Trust Capital Strength ETF by 145.1% during the first quarter. BankPlus Trust Department now owns 429 shares of the company’s stock worth $38,000 after purchasing an additional 254 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

Shares of FTCS stock opened at $93.66 on Monday. First Trust Capital Strength ETF has a fifty-two week low of $80.65 and a fifty-two week high of $94.37. The stock’s fifty day moving average price is $92.58 and its two-hundred day moving average price is $90.51. The company has a market cap of $8.47 billion, a PE ratio of 21.51 and a beta of 0.86.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.2527 dividend. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.23. This represents a $1.01 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, September 25th.

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).