Western Wealth Management LLC Sells 35,095 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Western Wealth Management LLC trimmed its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,965 shares of the company’s stock after selling 35,095 shares during the quarter. First Trust Capital Strength ETF comprises approximately 1.1% of Western Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Western Wealth Management LLC owned about 0.18% of First Trust Capital Strength ETF worth $15,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTCS. Roman Butler Fullerton & Co. boosted its position in shares of First Trust Capital Strength ETF by 20.2% in the fourth quarter. Roman Butler Fullerton & Co. now owns 50,973 shares of the company’s stock valued at $4,127,000 after acquiring an additional 8,561 shares during the period. Waterfront Wealth Inc. boosted its position in shares of First Trust Capital Strength ETF by 0.9% in the fourth quarter. Waterfront Wealth Inc. now owns 40,262 shares of the company’s stock valued at $3,223,000 after acquiring an additional 373 shares during the period. Investors Research Corp boosted its position in shares of First Trust Capital Strength ETF by 3.6% in the fourth quarter. Investors Research Corp now owns 109,298 shares of the company’s stock valued at $8,748,000 after acquiring an additional 3,830 shares during the period. Saxony Capital Management LLC bought a new stake in shares of First Trust Capital Strength ETF in the fourth quarter valued at about $288,000. Finally, Braun Bostich & Associates Inc. acquired a new position in First Trust Capital Strength ETF in the fourth quarter valued at about $1,694,000.

First Trust Capital Strength ETF Price Performance

FTCS stock remained flat at $81.55 during midday trading on Thursday. The company had a trading volume of 257,150 shares, compared to its average volume of 350,906. The stock has a market capitalization of $8.60 billion, a P/E ratio of 19.66 and a beta of 0.86. The company’s fifty day simple moving average is $83.76 and its 200 day simple moving average is $79.69. First Trust Capital Strength ETF has a fifty-two week low of $70.91 and a fifty-two week high of $85.89.

First Trust Capital Strength ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a $0.2247 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Thursday, March 21st.

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).