KPP Advisory Services LLC Has $5.85 Million Stock Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

KPP Advisory Services LLC lessened its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,351 shares of the company’s stock after selling 22,076 shares during the period. First Trust Growth Strength ETF comprises approximately 1.4% of KPP Advisory Services LLC’s portfolio, making the stock its 17th biggest position. KPP Advisory Services LLC’s holdings in First Trust Growth Strength ETF were worth $5,849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC acquired a new stake in shares of First Trust Growth Strength ETF in the second quarter worth $40,000. Pinnacle Bancorp Inc. boosted its position in shares of First Trust Growth Strength ETF by 93.0% in the third quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock worth $65,000 after buying an additional 1,005 shares during the period. NBC Securities Inc. raised its holdings in shares of First Trust Growth Strength ETF by 43.2% during the third quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock worth $76,000 after acquiring an additional 740 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Trust Growth Strength ETF during the second quarter worth $117,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of First Trust Growth Strength ETF by 82.5% during the second quarter. Benjamin Edwards Inc. now owns 4,245 shares of the company’s stock worth $130,000 after acquiring an additional 1,919 shares in the last quarter.

First Trust Growth Strength ETF Stock Performance

Shares of NASDAQ:FTGS traded down $0.45 during midday trading on Friday, hitting $32.22. 283,178 shares of the stock were exchanged, compared to its average volume of 177,716. First Trust Growth Strength ETF has a 52-week low of $24.90 and a 52-week high of $32.96. The business’s fifty day simple moving average is $31.46 and its two-hundred day simple moving average is $30.71. The company has a market capitalization of $803.89 million, a PE ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

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

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.