First Trust Capital Strength ETF (NASDAQ:FTCS) Hits New 1-Year High – Should You Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $95.22 and last traded at $95.1810, with a volume of 159767 shares. The stock had previously closed at $94.87.

First Trust Capital Strength ETF Price Performance

The firm’s 50-day moving average price is $92.38 and its 200-day moving average price is $92.36. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80.

First Trust Capital Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.2607 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.04 annualized dividend and a yield of 1.1%. This is an increase from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FTCS. Bank of Montreal Can boosted its position in First Trust Capital Strength ETF by 547.1% during the 2nd quarter. Bank of Montreal Can now owns 660 shares of the company’s stock valued at $60,000 after purchasing an additional 558 shares during the period. Randall & Associates Wealth Management increased its position in First Trust Capital Strength ETF by 4.9% in the third quarter. Randall & Associates Wealth Management now owns 272,526 shares of the company’s stock worth $25,519,000 after buying an additional 12,783 shares during the period. Geneos Wealth Management Inc. lifted its stake in First Trust Capital Strength ETF by 76.3% in the second quarter. Geneos Wealth Management Inc. now owns 53,051 shares of the company’s stock valued at $4,822,000 after buying an additional 22,966 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of First Trust Capital Strength ETF by 76.1% during the third quarter. Farther Finance Advisors LLC now owns 23,747 shares of the company’s stock valued at $2,224,000 after acquiring an additional 10,265 shares during the period. Finally, Orion Porfolio Solutions LLC grew its position in shares of First Trust Capital Strength ETF by 272.4% during the second quarter. Orion Porfolio Solutions LLC now owns 17,536 shares of the company’s stock worth $1,594,000 after acquiring an additional 12,827 shares during the last quarter.

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). The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index.