Independent Wealth Network Inc. Buys 6,052 Shares of First Trust Capital Strength ETF $FTCS

Independent Wealth Network Inc. increased its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 82.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,407 shares of the company’s stock after acquiring an additional 6,052 shares during the period. Independent Wealth Network Inc.’s holdings in First Trust Capital Strength ETF were worth $1,244,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FTCS. Impact Partnership Wealth LLC lifted its position in First Trust Capital Strength ETF by 2.8% in the 4th quarter. Impact Partnership Wealth LLC now owns 3,734 shares of the company’s stock worth $345,000 after buying an additional 103 shares during the last quarter. Wisconsin Wealth Advisors LLC lifted its holdings in shares of First Trust Capital Strength ETF by 0.5% in the 4th quarter. Wisconsin Wealth Advisors LLC now owns 20,243 shares of the company’s stock worth $1,873,000 after acquiring an additional 108 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of First Trust Capital Strength ETF by 0.6% in the 4th quarter. Park Avenue Securities LLC now owns 18,904 shares of the company’s stock worth $1,749,000 after acquiring an additional 109 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of First Trust Capital Strength ETF by 1.1% in the 4th quarter. Advisory Services Network LLC now owns 10,249 shares of the company’s stock valued at $948,000 after purchasing an additional 110 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of First Trust Capital Strength ETF by 1.8% during the 4th quarter. Blair William & Co. IL now owns 6,756 shares of the company’s stock valued at $625,000 after purchasing an additional 117 shares during the last quarter.

First Trust Capital Strength ETF Stock Down 0.6%

Shares of NASDAQ:FTCS opened at $93.28 on Friday. The stock has a market cap of $7.82 billion, a PE ratio of 21.51 and a beta of 0.71. The company’s fifty day moving average is $93.42 and its 200 day moving average is $94.49. First Trust Capital Strength ETF has a 52 week low of $89.39 and a 52 week high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a $0.2636 dividend. The ex-dividend date is Thursday, June 25th. This represents a $1.05 annualized dividend and a dividend yield of 1.1%.

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.