Kapstone Financial Advisors LLC Sells 603 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

Kapstone Financial Advisors LLC cut its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,525 shares of the company’s stock after selling 603 shares during the quarter. First Trust Growth Strength ETF accounts for about 0.8% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Kapstone Financial Advisors LLC’s holdings in First Trust Growth Strength ETF were worth $1,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Assetmark Inc. grew its position in First Trust Growth Strength ETF by 108.7% in the 3rd quarter. Assetmark Inc. now owns 294,856 shares of the company’s stock worth $9,205,000 after purchasing an additional 153,554 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of First Trust Growth Strength ETF in the 4th quarter worth $4,621,000. Sigma Planning Corp grew its holdings in shares of First Trust Growth Strength ETF by 182.1% in the third quarter. Sigma Planning Corp now owns 169,289 shares of the company’s stock worth $5,285,000 after acquiring an additional 109,279 shares during the period. Merit Financial Group LLC bought a new stake in shares of First Trust Growth Strength ETF in the fourth quarter worth $2,867,000. Finally, MML Investors Services LLC purchased a new stake in First Trust Growth Strength ETF during the third quarter valued at $2,590,000.

First Trust Growth Strength ETF Stock Performance

Shares of NASDAQ:FTGS opened at $30.76 on Tuesday. The stock’s 50-day simple moving average is $32.07 and its two-hundred day simple moving average is $31.82. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.23 and a beta of 1.18. First Trust Growth Strength ETF has a 52-week low of $28.31 and a 52-week high of $33.38.

First Trust Growth Strength ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.0662 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.