First Trust Capital Strength ETF (NASDAQ:FTCS) Reaches New 1-Year High – Still a Buy?

First Trust Capital Strength ETF (NASDAQ:FTCS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $100.45 and last traded at $100.41, with a volume of 57019 shares changing hands. The stock had previously closed at $98.48.

First Trust Capital Strength ETF Trading Up 2.3%

The company’s fifty day simple moving average is $94.79 and its 200 day simple moving average is $95.00. The firm has a market capitalization of $8.07 billion, a P/E ratio of 21.51 and a beta of 0.71.

First Trust Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.2636 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.05 annualized dividend and a dividend yield of 1.0%.

Hedge Funds Weigh In On First Trust Capital Strength ETF

A number of institutional investors have recently bought and sold shares of FTCS. AQR Capital Management LLC boosted its position in First Trust Capital Strength ETF by 93.9% during the 1st quarter. AQR Capital Management LLC now owns 5,690 shares of the company’s stock valued at $510,000 after acquiring an additional 2,755 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 492.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of First Trust Capital Strength ETF by 43.3% in the 2nd quarter. First Trust Advisors LP now owns 16,738 shares of the company’s stock valued at $1,521,000 after purchasing an additional 5,054 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of First Trust Capital Strength ETF by 491.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 68,187 shares of the company’s stock valued at $6,198,000 after purchasing an additional 56,664 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of First Trust Capital Strength ETF during the second quarter valued at approximately $511,000.

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