Arax Advisory Partners Makes New Investment in First Trust Capital Strength ETF $FTCS

Arax Advisory Partners bought a new stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 109,481 shares of the company’s stock, valued at approximately $10,128,000.

Several other hedge funds have also recently made changes to their positions in FTCS. EverSource Wealth Advisors LLC increased its stake in shares of First Trust Capital Strength ETF by 492.0% during the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock valued at $27,000 after buying an additional 246 shares during the period. Parallel Advisors LLC increased its stake in shares of First Trust Capital Strength ETF by 140.0% during the fourth quarter. Parallel Advisors LLC now owns 300 shares of the company’s stock valued at $28,000 after buying an additional 175 shares during the period. BOKF NA purchased a new position in shares of First Trust Capital Strength ETF during the third quarter valued at approximately $28,000. Whittier Trust Co. purchased a new position in shares of First Trust Capital Strength ETF during the fourth quarter valued at approximately $30,000. Finally, Smartleaf Asset Management LLC purchased a new position in shares of First Trust Capital Strength ETF during the second quarter valued at approximately $40,000.

First Trust Capital Strength ETF Stock Performance

FTCS opened at $94.53 on Friday. First Trust Capital Strength ETF has a 52-week low of $88.70 and a 52-week high of $99.74. The stock has a market capitalization of $7.92 billion, a PE ratio of 21.51 and a beta of 0.71. The stock’s 50 day moving average price is $93.43 and its 200-day moving average price is $94.39.

First Trust Capital Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.2873 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.2%. This is a boost from First Trust Capital Strength ETF’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, March 26th.

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.