Flagstar Advisors Inc. Sells 289 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Flagstar Advisors Inc. lowered its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 11.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,242 shares of the company’s stock after selling 289 shares during the quarter. Flagstar Advisors Inc.’s holdings in First Trust Capital Strength ETF were worth $204,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Sequoia Financial Advisors LLC bought a new stake in First Trust Capital Strength ETF during the third quarter valued at about $401,000. Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Capital Strength ETF by 18.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 348,993 shares of the company’s stock valued at $31,689,000 after buying an additional 55,142 shares in the last quarter. American Financial Advisors LLC grew its position in shares of First Trust Capital Strength ETF by 1.3% in the 2nd quarter. American Financial Advisors LLC now owns 400,256 shares of the company’s stock worth $33,637,000 after buying an additional 5,099 shares during the last quarter. Wesbanco Bank Inc. bought a new position in shares of First Trust Capital Strength ETF during the 3rd quarter worth approximately $405,000. Finally, Brookstone Capital Management raised its stake in shares of First Trust Capital Strength ETF by 7.4% during the 2nd quarter. Brookstone Capital Management now owns 5,990 shares of the company’s stock worth $520,000 after acquiring an additional 415 shares in the last quarter.

First Trust Capital Strength ETF Stock Up 0.7 %

Shares of FTCS opened at $92.82 on Friday. The company has a 50 day moving average of $91.05 and a two-hundred day moving average of $87.62. First Trust Capital Strength ETF has a twelve month low of $76.60 and a twelve month high of $93.12. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.2566 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.03 annualized dividend and a dividend yield of 1.11%.

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).