KPP Advisory Services LLC Buys 106,377 Shares of First Trust Growth Strength ETF $FTGS

KPP Advisory Services LLC increased its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 53.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,891 shares of the company’s stock after acquiring an additional 106,377 shares during the quarter. First Trust Growth Strength ETF comprises about 1.6% of KPP Advisory Services LLC’s holdings, making the stock its 14th biggest holding. KPP Advisory Services LLC’s holdings in First Trust Growth Strength ETF were worth $10,949,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its stake in First Trust Growth Strength ETF by 9.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,238,254 shares of the company’s stock worth $42,336,000 after acquiring an additional 109,655 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of First Trust Growth Strength ETF by 1,477.2% during the second quarter. Orion Porfolio Solutions LLC now owns 85,735 shares of the company’s stock worth $2,931,000 after purchasing an additional 80,299 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of First Trust Growth Strength ETF by 52.7% in the second quarter. Benjamin Edwards Inc. now owns 165,244 shares of the company’s stock worth $5,650,000 after purchasing an additional 57,055 shares during the last quarter. Osaic Holdings Inc. raised its stake in First Trust Growth Strength ETF by 9.4% in the second quarter. Osaic Holdings Inc. now owns 665,133 shares of the company’s stock valued at $22,663,000 after purchasing an additional 57,036 shares in the last quarter. Finally, Assetmark Inc. lifted its position in First Trust Growth Strength ETF by 13.4% during the second quarter. Assetmark Inc. now owns 408,466 shares of the company’s stock valued at $13,965,000 after purchasing an additional 48,222 shares during the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ:FTGS opened at $36.56 on Tuesday. The company’s fifty day moving average price is $35.57 and its 200-day moving average price is $35.47. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 23.90 and a beta of 1.12. First Trust Growth Strength ETF has a one year low of $25.74 and a one year high of $36.71.

First Trust Growth Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.0055 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th.

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.