Valmark Advisers Inc. Sells 69,046 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Valmark Advisers Inc. cut its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 40.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,659 shares of the company’s stock after selling 69,046 shares during the period. Valmark Advisers Inc. owned 0.11% of First Trust Capital Strength ETF worth $9,202,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its holdings in First Trust Capital Strength ETF by 2.7% in the fourth quarter. Moors & Cabot Inc. now owns 4,720 shares of the company’s stock valued at $414,000 after acquiring an additional 122 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in First Trust Capital Strength ETF by 1.1% in the fourth quarter. Tyler Stone Wealth Management now owns 11,923 shares of the company’s stock valued at $1,047,000 after acquiring an additional 134 shares during the last quarter. Capital Square LLC boosted its holdings in First Trust Capital Strength ETF by 1.6% in the fourth quarter. Capital Square LLC now owns 8,763 shares of the company’s stock valued at $788,000 after acquiring an additional 138 shares during the last quarter. REAP Financial Group LLC boosted its holdings in First Trust Capital Strength ETF by 2.2% in the fourth quarter. REAP Financial Group LLC now owns 7,172 shares of the company’s stock valued at $630,000 after acquiring an additional 153 shares during the last quarter. Finally, Keybank National Association OH boosted its holdings in shares of First Trust Capital Strength ETF by 6.5% during the 4th quarter. Keybank National Association OH now owns 2,717 shares of the company’s stock worth $239,000 after buying an additional 166 shares in the last quarter.

First Trust Capital Strength ETF Stock Performance

First Trust Capital Strength ETF stock opened at $88.94 on Monday. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 22.61 and a beta of 0.86. First Trust Capital Strength ETF has a 52-week low of $80.66 and a 52-week high of $94.23. The stock’s 50 day moving average price is $89.40 and its two-hundred day moving average price is $89.07.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2159 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 27th.

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).