Quad Cities Investment Group LLC Sells 471 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Quad Cities Investment Group LLC lessened its stake in shares of First Trust Capital Strength ETF (NASDAQ:FTCS) by 1.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,449 shares of the company’s stock after selling 471 shares during the quarter. First Trust Capital Strength ETF makes up about 1.1% of Quad Cities Investment Group LLC’s portfolio, making the stock its 24th largest position. Quad Cities Investment Group LLC’s holdings in First Trust Capital Strength ETF were worth $2,220,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FTCS. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust Capital Strength ETF by 5.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,407,234 shares of the company’s stock valued at $286,344,000 after buying an additional 190,799 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Capital Strength ETF by 195.0% during the first quarter. Cetera Investment Advisers now owns 1,563,977 shares of the company’s stock valued at $133,955,000 after purchasing an additional 1,033,794 shares during the last quarter. Global Assets Advisory LLC boosted its position in First Trust Capital Strength ETF by 8,467.2% during the first quarter. Global Assets Advisory LLC now owns 1,462,679 shares of the company’s stock worth $125,278,000 after purchasing an additional 1,445,606 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Capital Strength ETF by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,082,732 shares of the company’s stock worth $90,993,000 after purchasing an additional 7,761 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in shares of First Trust Capital Strength ETF by 51.0% in the first quarter. Cetera Advisors LLC now owns 863,428 shares of the company’s stock valued at $73,953,000 after purchasing an additional 291,774 shares during the period.

First Trust Capital Strength ETF Trading Down 0.2 %

Shares of FTCS stock traded down $0.20 during trading on Thursday, reaching $92.50. 160,325 shares of the company’s stock traded hands, compared to its average volume of 313,224. The firm’s 50-day moving average is $89.75 and its 200 day moving average is $86.04. The company has a market capitalization of $9.16 billion, a P/E ratio of 21.52 and a beta of 0.86. First Trust Capital Strength ETF has a 1 year low of $71.11 and a 1 year high of $93.05.

First Trust Capital Strength ETF Cuts Dividend

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

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).