Kapstone Financial Advisors LLC Makes New Investment in First Trust Growth Strength ETF (NASDAQ:FTGS)

Kapstone Financial Advisors LLC purchased a new position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,540 shares of the company’s stock, valued at approximately $603,000. Kapstone Financial Advisors LLC owned about 0.57% of First Trust Growth Strength ETF as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in First Trust Growth Strength ETF by 49.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 97,970 shares of the company’s stock worth $2,329,000 after acquiring an additional 32,284 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of First Trust Growth Strength ETF in the 3rd quarter valued at approximately $2,798,000. RiverTree Advisors LLC acquired a new stake in shares of First Trust Growth Strength ETF in the 4th quarter valued at approximately $7,892,000. Herold Advisors Inc. boosted its holdings in shares of First Trust Growth Strength ETF by 63.9% in the 3rd quarter. Herold Advisors Inc. now owns 23,958 shares of the company’s stock valued at $569,000 after buying an additional 9,340 shares during the last quarter. Finally, Park National Corp OH boosted its holdings in shares of First Trust Growth Strength ETF by 24.7% in the 4th quarter. Park National Corp OH now owns 291,015 shares of the company’s stock valued at $7,924,000 after buying an additional 57,592 shares during the last quarter.

First Trust Growth Strength ETF Stock Up 0.7 %

Shares of NASDAQ FTGS traded up $0.21 during trading hours on Friday, hitting $29.41. The company had a trading volume of 57,184 shares, compared to its average volume of 120,728. The stock has a market capitalization of $266.16 million, a P/E ratio of 18.75 and a beta of 1.11. First Trust Growth Strength ETF has a 1-year low of $21.10 and a 1-year high of $31.29. The firm’s 50 day moving average is $29.85 and its 200-day moving average is $27.45.

First Trust Growth Strength ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a $0.0209 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Thursday, March 21st.

First Trust Growth Strength ETF 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.