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

First Trust Capital Strength ETF (NASDAQ:FTCS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $96.48 and last traded at $96.34, with a volume of 119301 shares trading hands. The stock had previously closed at $96.10.

First Trust Capital Strength ETF Trading Up 0.2%

The company has a market cap of $8.29 billion, a P/E ratio of 21.51 and a beta of 0.80. The business’s fifty day moving average is $93.08 and its 200 day moving average is $92.60.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.2607 dividend. 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%. The ex-dividend date was Friday, December 12th.

Hedge Funds Weigh In On First Trust Capital Strength ETF

A number of hedge funds have recently bought and sold shares of FTCS. American Financial Advisors LLC grew its holdings in shares of First Trust Capital Strength ETF by 2.8% during the 3rd quarter. American Financial Advisors LLC now owns 378,332 shares of the company’s stock valued at $35,427,000 after acquiring an additional 10,294 shares in the last quarter. Bank of Montreal Can boosted its position in First Trust Capital Strength ETF by 547.1% during the second quarter. Bank of Montreal Can now owns 660 shares of the company’s stock worth $60,000 after purchasing an additional 558 shares during the period. Randall & Associates Wealth Management grew its stake in First Trust Capital Strength ETF by 4.9% in the 3rd quarter. Randall & Associates Wealth Management now owns 272,526 shares of the company’s stock valued at $25,519,000 after buying an additional 12,783 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of First Trust Capital Strength ETF by 14.9% in the third quarter. Arkadios Wealth Advisors now owns 100,380 shares of the company’s stock worth $9,400,000 after purchasing an additional 13,014 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Capital Strength ETF by 76.3% during the second quarter. Geneos Wealth Management Inc. now owns 53,051 shares of the company’s stock worth $4,822,000 after buying an additional 22,966 shares during the last quarter.

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.