First Trust Capital Strength ETF (NASDAQ:FTCS) Sets New 52-Week High – Still a Buy?

Shares of First Trust Capital Strength ETF (NASDAQ:FTCS) reached a new 52-week high during trading on Thursday . The company traded as high as $96.72 and last traded at $96.06, with a volume of 195569 shares. The stock had previously closed at $95.93.

First Trust Capital Strength ETF Stock Performance

The stock’s 50-day moving average price is $93.57 and its 200-day moving average price is $92.76. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 21.51 and a beta of 0.80.

First Trust Capital Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.2607 per share. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Capital Strength ETF’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings 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. Fifth Third Bancorp increased its position in First Trust Capital Strength ETF by 288.4% during the second quarter. Fifth Third Bancorp now owns 1,849 shares of the company’s stock worth $168,000 after buying an additional 1,373 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Capital Strength ETF by 21.9% in the second quarter. Janney Montgomery Scott LLC now owns 368,348 shares of the company’s stock worth $33,479,000 after acquiring an additional 66,256 shares during the last quarter. Truist Financial Corp boosted its stake in shares of First Trust Capital Strength ETF by 0.4% during the second quarter. Truist Financial Corp now owns 571,494 shares of the company’s stock valued at $51,943,000 after acquiring an additional 2,171 shares during the last quarter. Finally, PFG Investments LLC increased its position in First Trust Capital Strength ETF by 10.2% during the 2nd quarter. PFG Investments LLC now owns 13,823 shares of the company’s stock worth $1,256,000 after purchasing an additional 1,279 shares in 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.