ABLE Financial Group LLC Decreases Stake in First Trust Capital Strength ETF (NASDAQ:FTCS)

ABLE Financial Group LLC reduced its position in First Trust Capital Strength ETF (NASDAQ:FTCS) by 6.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,468 shares of the company’s stock after selling 13,693 shares during the quarter. First Trust Capital Strength ETF comprises about 5.5% of ABLE Financial Group LLC’s holdings, making the stock its biggest holding. ABLE Financial Group LLC owned 0.20% of First Trust Capital Strength ETF worth $17,930,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in First Trust Capital Strength ETF in the 3rd quarter worth about $401,000. Concurrent Investment Advisors LLC increased 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 worth $31,689,000 after buying an additional 55,142 shares during the last quarter. American Financial Advisors LLC lifted its holdings 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 acquiring an additional 5,099 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in First Trust Capital Strength ETF in the third quarter worth $405,000. Finally, Headlands Technologies LLC purchased a new stake in First Trust Capital Strength ETF during the first quarter valued at about $33,000.

First Trust Capital Strength ETF Trading Up 0.9 %

Shares of FTCS traded up $0.87 during midday trading on Friday, reaching $92.65. The stock had a trading volume of 44,108 shares, compared to its average volume of 307,043. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. The company’s 50-day moving average is $90.60 and its 200 day moving average is $86.88. First Trust Capital Strength ETF has a 12-month low of $74.33 and a 12-month high of $93.05.

First Trust Capital Strength ETF Cuts Dividend

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

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).