Meridian Wealth Management LLC Invests $219,000 in First Trust Capital Strength ETF (NASDAQ:FTCS)

Meridian Wealth Management LLC bought a new stake in First Trust Capital Strength ETF (NASDAQ:FTCS) during the third quarter, HoldingsChannel.com reports. The fund bought 2,412 shares of the company’s stock, valued at approximately $219,000.

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

First Trust Capital Strength ETF Trading Up 0.5 %

Shares of FTCS opened at $93.26 on Tuesday. The company’s fifty day simple moving average is $91.05 and its 200 day simple moving average is $87.68. First Trust Capital Strength ETF has a 1-year low of $76.60 and a 1-year high of $93.48. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid 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 1.10%.

First Trust Capital Strength ETF 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).