Kapstone Financial Advisors LLC Raises Stock Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Kapstone Financial Advisors LLC boosted its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 11.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,128 shares of the company’s stock after acquiring an additional 4,795 shares during the period. First Trust Growth Strength ETF accounts for about 0.9% of Kapstone Financial Advisors LLC’s holdings, making the stock its 23rd biggest position. Kapstone Financial Advisors LLC owned 0.19% of First Trust Growth Strength ETF worth $1,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ergawealth Advisors Inc. grew its stake in First Trust Growth Strength ETF by 1.9% in the 3rd quarter. Ergawealth Advisors Inc. now owns 18,120 shares of the company’s stock worth $566,000 after buying an additional 337 shares in the last quarter. NBC Securities Inc. grew its stake in First Trust Growth Strength ETF by 43.2% in the 3rd quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock worth $76,000 after buying an additional 740 shares in the last quarter. West Michigan Advisors LLC boosted its stake in shares of First Trust Growth Strength ETF by 0.6% in the 3rd quarter. West Michigan Advisors LLC now owns 157,374 shares of the company’s stock valued at $4,913,000 after purchasing an additional 1,001 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of First Trust Growth Strength ETF by 93.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock valued at $65,000 after purchasing an additional 1,005 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of First Trust Growth Strength ETF in the 2nd quarter valued at $40,000.

First Trust Growth Strength ETF Stock Down 0.2 %

Shares of First Trust Growth Strength ETF stock traded down $0.07 during trading on Thursday, reaching $32.76. The company’s stock had a trading volume of 26,118 shares, compared to its average volume of 176,605. First Trust Growth Strength ETF has a 52-week low of $24.90 and a 52-week high of $32.96. The company has a market cap of $817.36 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. The firm’s 50-day moving average is $31.30 and its two-hundred day moving average is $30.66.

First Trust Growth Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.021 dividend. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.26%.

First Trust Growth Strength ETF Company Profile

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities.