Park Avenue Securities LLC Decreases Stake in First Trust Capital Strength ETF (NASDAQ:FTCS)

Park Avenue Securities LLC lessened its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,935 shares of the company’s stock after selling 1,809 shares during the quarter. Park Avenue Securities LLC’s holdings in First Trust Capital Strength ETF were worth $1,697,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its position in shares of First Trust Capital Strength ETF by 2,593.6% during the fourth quarter. Blue Trust Inc. now owns 2,101 shares of the company’s stock worth $185,000 after purchasing an additional 2,023 shares during the last quarter. US Bancorp DE raised its stake in First Trust Capital Strength ETF by 7.5% during the fourth quarter. US Bancorp DE now owns 10,880 shares of the company’s stock worth $955,000 after acquiring an additional 761 shares during the period. Allworth Financial LP raised its stake in First Trust Capital Strength ETF by 3.1% during the fourth quarter. Allworth Financial LP now owns 8,991 shares of the company’s stock worth $807,000 after acquiring an additional 267 shares during the period. Wealthfront Advisers LLC acquired a new stake in First Trust Capital Strength ETF during the fourth quarter worth about $59,656,000. Finally, Thrivent Financial for Lutherans acquired a new stake in First Trust Capital Strength ETF during the fourth quarter worth about $250,000.

First Trust Capital Strength ETF Stock Up 0.4%

FTCS opened at $91.14 on Wednesday. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 22.61 and a beta of 0.82. First Trust Capital Strength ETF has a fifty-two week low of $80.66 and a fifty-two week high of $94.23. The company’s 50-day moving average price is $88.53 and its 200 day moving average price is $89.30.

First Trust Capital Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2159 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.95%.

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).