Everest Financial Group LLC Takes $637,000 Position in First Trust Capital Strength ETF $FTCS

Everest Financial Group LLC purchased a new position in First Trust Capital Strength ETF (NASDAQ:FTCS) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,866 shares of the company’s stock, valued at approximately $637,000.

A number of other hedge funds have also modified their holdings of FTCS. Bank of America Corp DE grew its stake in First Trust Capital Strength ETF by 1.5% in the second quarter. Bank of America Corp DE now owns 1,714,227 shares of the company’s stock valued at $155,806,000 after purchasing an additional 25,024 shares in the last quarter. UBS Group AG raised its stake in shares of First Trust Capital Strength ETF by 0.8% during the 4th quarter. UBS Group AG now owns 1,420,141 shares of the company’s stock worth $131,380,000 after purchasing an additional 11,966 shares in the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Capital Strength ETF by 1.9% during the 4th quarter. Royal Bank of Canada now owns 1,181,806 shares of the company’s stock worth $109,332,000 after purchasing an additional 22,147 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Capital Strength ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 975,950 shares of the company’s stock valued at $88,750,000 after buying an additional 22,849 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Capital Strength ETF by 3.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 470,218 shares of the company’s stock valued at $43,501,000 after buying an additional 14,814 shares during the last quarter.

First Trust Capital Strength ETF Stock Performance

Shares of NASDAQ FTCS opened at $97.39 on Friday. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 21.51 and a beta of 0.71. The business has a 50 day simple moving average of $94.70 and a 200 day simple moving average of $94.97. First Trust Capital Strength ETF has a 52 week low of $89.76 and a 52 week high of $99.74.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.2636 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.05 dividend on an annualized basis and a 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.