Kapstone Financial Advisors LLC Acquires 4,795 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

Kapstone Financial Advisors LLC lifted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 11.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 47,128 shares of the company’s stock after buying an additional 4,795 shares during the period. First Trust Growth Strength ETF makes up about 0.9% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Kapstone Financial Advisors LLC’s holdings in First Trust Growth Strength ETF were worth $1,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FTGS. GPS Wealth Strategies Group LLC bought a new stake in First Trust Growth Strength ETF during the 2nd quarter worth approximately $40,000. Pinnacle Bancorp Inc. raised its stake in First Trust Growth Strength ETF by 93.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock worth $65,000 after acquiring an additional 1,005 shares during the period. NBC Securities Inc. raised its stake in First Trust Growth Strength ETF by 43.2% during the 3rd quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock worth $76,000 after acquiring an additional 740 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in First Trust Growth Strength ETF during the 2nd quarter worth approximately $117,000. Finally, Benjamin Edwards Inc. raised its stake in First Trust Growth Strength ETF by 82.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 4,245 shares of the company’s stock worth $130,000 after acquiring an additional 1,919 shares during the period.

First Trust Growth Strength ETF Trading Down 0.2 %

NASDAQ FTGS traded down $0.07 on Thursday, reaching $32.76. 26,118 shares of the stock were exchanged, compared to its average volume of 176,605. First Trust Growth Strength ETF has a one year low of $24.90 and a one year high of $32.96. The firm has a market capitalization of $817.36 million, a PE ratio of 20.80 and a beta of 1.11. The company’s 50-day simple moving average is $31.30 and its two-hundred day simple moving average is $30.66.

First Trust Growth Strength ETF Increases Dividend

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

About First Trust Growth Strength ETF

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.