First Trust Capital Strength ETF (FTCS)
First Trust Capital Strength ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $95.20, up 0.35% on the session, giving a market capitalisation of $7.37B. Its beta of 0.53 implies it has historically moved less than the broad market.
FTCS seeks to outperform the broader large-cap space by selecting companies based on their strength of their balance sheets, looking at cash balances, long-term debt ratios, and ROE. FTCS picks from a relatively narrow subset of the large-cap universe: the NASDAQ US benchmark, a 500-firm composite of NASDAQ-listed companies. By design, FTCS will always struggle to reflect the broad large-cap market given its limited selection universe, but it fills a niche within a crowded segment. The index undergoes quarterly reconstitution and rebalance. FTCS formerly tracked a large-cap value index and traded under the ticker FDV. The fund was rebranded in May 2013.
First Trust Capital Strength ETF is most often compared with the following Financial Services names: