Truist Financial Corp Lowers Stock Position in First Trust Capital Strength ETF (NASDAQ:FTCS)

Truist Financial Corp lessened its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 17.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 668,148 shares of the company’s stock after selling 140,202 shares during the quarter. Truist Financial Corp’s holdings in First Trust Capital Strength ETF were worth $56,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC boosted its holdings in First Trust Capital Strength ETF by 5.9% in the 4th quarter. ICA Group Wealth Management LLC now owns 92,608 shares of the company’s stock valued at $7,413,000 after purchasing an additional 5,121 shares in the last quarter. TFB Advisors LLC purchased a new stake in shares of First Trust Capital Strength ETF during the 1st quarter worth approximately $249,000. Scarborough Advisors LLC boosted its stake in shares of First Trust Capital Strength ETF by 1.9% during the 4th quarter. Scarborough Advisors LLC now owns 192,615 shares of the company’s stock worth $15,417,000 after acquiring an additional 3,598 shares in the last quarter. American Financial Advisors LLC boosted its stake 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 in the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of First Trust Capital Strength ETF by 8.1% during the 4th quarter. Harbour Investments Inc. now owns 600,467 shares of the company’s stock worth $48,061,000 after acquiring an additional 45,218 shares in the last quarter.

First Trust Capital Strength ETF Price Performance

Shares of NASDAQ:FTCS opened at $90.78 on Wednesday. First Trust Capital Strength ETF has a 12 month low of $71.11 and a 12 month high of $91.17. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86. The business’s 50 day simple moving average is $88.53 and its 200-day simple moving average is $85.56.

First Trust Capital Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.2566 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.03 annualized dividend and a yield of 1.13%.

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).