Apollon Wealth Management LLC Lowers Stock Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Apollon Wealth Management LLC lessened its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 11.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 24,572 shares of the company’s stock after selling 3,039 shares during the quarter. Apollon Wealth Management LLC’s holdings in First Trust Capital Strength ETF were worth $2,231,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of First Trust Capital Strength ETF during the third quarter worth approximately $401,000. Concurrent Investment Advisors LLC grew its stake in shares of 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 worth $31,689,000 after purchasing an additional 55,142 shares during the last quarter. American Financial Advisors LLC increased its holdings in 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 valued at $33,637,000 after purchasing an additional 5,099 shares during the period. Wesbanco Bank Inc. bought a new position in shares of First Trust Capital Strength ETF during the third quarter valued at approximately $405,000. Finally, Headlands Technologies LLC bought a new position in First Trust Capital Strength ETF in the 1st quarter worth $33,000.

First Trust Capital Strength ETF Stock Performance

FTCS stock opened at $92.35 on Thursday. First Trust Capital Strength ETF has a fifty-two week low of $75.54 and a fifty-two week high of $93.12. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. The business’s 50 day moving average price is $90.76 and its two-hundred day moving average price is $87.19.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently announced 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 was Thursday, September 26th. This represents a $1.03 annualized dividend and a dividend yield of 1.11%.

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).