First Trust Capital Strength ETF (NASDAQ:FTCS) Reaches New 12-Month High – Time to Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $98.10 and last traded at $97.45, with a volume of 473087 shares. The stock had previously closed at $97.59.

First Trust Capital Strength ETF Stock Down 0.1%

The company has a market cap of $8.35 billion, a P/E ratio of 21.51 and a beta of 0.80. The firm’s 50 day moving average is $94.04 and its two-hundred day moving average is $92.96.

First Trust Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.2607 dividend. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.1%.

Hedge Funds Weigh In On First Trust Capital Strength ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its position in First Trust Capital Strength ETF by 4.0% during the 4th quarter. International Assets Investment Management LLC now owns 40,040 shares of the company’s stock valued at $3,704,000 after purchasing an additional 1,546 shares during the period. FSB Premier Wealth Management Inc. lifted its position in shares of First Trust Capital Strength ETF by 1.2% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 43,538 shares of the company’s stock worth $4,028,000 after purchasing an additional 508 shares during the period. RFG Advisory LLC boosted its stake in shares of First Trust Capital Strength ETF by 3.4% in the 4th quarter. RFG Advisory LLC now owns 21,718 shares of the company’s stock valued at $2,009,000 after purchasing an additional 711 shares during the last quarter. Sun Financial Inc bought a new stake in shares of First Trust Capital Strength ETF in the 4th quarter valued at $2,903,000. Finally, KPP Advisory Services LLC increased its position in shares of First Trust Capital Strength ETF by 10.4% during the fourth quarter. KPP Advisory Services LLC now owns 51,515 shares of the company’s stock worth $4,766,000 after buying an additional 4,836 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.