First Trust Growth Strength ETF (NASDAQ:FTGS) Shares Sold by KPP Advisory Services LLC

KPP Advisory Services LLC lessened its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,351 shares of the company’s stock after selling 22,076 shares during the quarter. First Trust Growth Strength ETF accounts for 1.4% of KPP Advisory Services LLC’s investment portfolio, making the stock its 17th biggest position. KPP Advisory Services LLC owned 0.75% of First Trust Growth Strength ETF worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust Growth Strength ETF in the second quarter worth about $117,000. Good Life Advisors LLC lifted its stake in shares of First Trust Growth Strength ETF by 13.3% in the third quarter. Good Life Advisors LLC now owns 116,427 shares of the company’s stock worth $3,635,000 after acquiring an additional 13,645 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of First Trust Growth Strength ETF in the first quarter worth about $1,123,000. Total Clarity Wealth Management Inc. acquired a new position in shares of First Trust Growth Strength ETF in the second quarter worth about $251,000. Finally, Truist Financial Corp acquired a new stake in First Trust Growth Strength ETF during the second quarter valued at approximately $937,000.

First Trust Growth Strength ETF Stock Down 1.4 %

NASDAQ:FTGS traded down $0.45 during trading hours on Friday, reaching $32.22. 283,178 shares of the stock were exchanged, compared to its average volume of 177,716. The stock has a market capitalization of $803.89 million, a P/E ratio of 20.80 and a beta of 1.11. The firm has a 50 day simple moving average of $31.46 and a 200-day simple moving average of $30.71. First Trust Growth Strength ETF has a 52 week low of $24.90 and a 52 week high of $32.96.

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 paid a dividend of $0.021 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend 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.