Kowal Investment Group LLC Buys 120,675 Shares of First Trust Capital Strength ETF (NASDAQ:FTCS)

Kowal Investment Group LLC raised its stake in First Trust Capital Strength ETF (NASDAQ:FTCS) by 24.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 610,585 shares of the company’s stock after acquiring an additional 120,675 shares during the quarter. First Trust Capital Strength ETF comprises 10.2% of Kowal Investment Group LLC’s holdings, making the stock its 2nd largest position. Kowal Investment Group LLC owned 0.61% of First Trust Capital Strength ETF worth $51,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Davis Capital Management bought a new position in shares of First Trust Capital Strength ETF during the second quarter worth approximately $25,000. Asset Dedication LLC bought a new position in First Trust Capital Strength ETF during the 2nd quarter worth $31,000. Headlands Technologies LLC acquired a new stake in shares of First Trust Capital Strength ETF during the first quarter worth $33,000. Mather Group LLC. bought a new stake in shares of First Trust Capital Strength ETF in the first quarter valued at about $34,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of First Trust Capital Strength ETF by 60.0% in the second quarter. Hexagon Capital Partners LLC now owns 875 shares of the company’s stock valued at $74,000 after acquiring an additional 328 shares during the period.

First Trust Capital Strength ETF Stock Performance

NASDAQ:FTCS opened at $90.67 on Friday. First Trust Capital Strength ETF has a 52 week low of $71.11 and a 52 week high of $91.17. The firm’s 50-day simple moving average is $87.98 and its 200 day simple moving average is $85.29. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

First Trust Capital Strength ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2843 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.25%.

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).