Kaydan Wealth Management Inc. Takes Position in First Trust Capital Strength ETF $FTCS

Kaydan Wealth Management Inc. acquired a new stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,898 shares of the company’s stock, valued at approximately $1,024,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in shares of 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 buying an additional 2,755 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of First Trust Capital Strength ETF by 492.0% in the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the period. First Trust Advisors LP grew its holdings in shares of First Trust Capital Strength ETF by 43.3% in the second quarter. First Trust Advisors LP now owns 16,738 shares of the company’s stock worth $1,521,000 after acquiring an additional 5,054 shares during the period. Qube Research & Technologies Ltd increased its position in First Trust Capital Strength ETF by 491.7% during the second quarter. Qube Research & Technologies Ltd now owns 68,187 shares of the company’s stock valued at $6,198,000 after acquiring an additional 56,664 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in First Trust Capital Strength ETF during the second quarter valued at $511,000.

First Trust Capital Strength ETF Stock Performance

FTCS stock opened at $99.56 on Friday. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 21.51 and a beta of 0.70. The business’s 50-day moving average is $98.81 and its two-hundred day moving average is $95.83. First Trust Capital Strength ETF has a fifty-two week low of $89.76 and a fifty-two week high of $102.93.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.2636 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.05 annualized dividend and a dividend yield of 1.1%.

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.