Good Life Advisors LLC Grows Position in First Trust Growth Strength ETF $FTGS

Good Life Advisors LLC increased its holdings in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,815 shares of the company’s stock after purchasing an additional 20,096 shares during the period. Good Life Advisors LLC owned 0.61% of First Trust Growth Strength ETF worth $7,105,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of First Trust Growth Strength ETF by 138.8% during the 2nd quarter. Fifth Third Bancorp now owns 2,185 shares of the company’s stock valued at $75,000 after buying an additional 1,270 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of First Trust Growth Strength ETF in the 2nd quarter valued at about $128,000. tru Independence LLC purchased a new stake in shares of First Trust Growth Strength ETF during the 2nd quarter worth about $205,000. Stratos Wealth Partners LTD. acquired a new stake in First Trust Growth Strength ETF during the 1st quarter worth approximately $234,000. Finally, Daymark Wealth Partners LLC purchased a new position in First Trust Growth Strength ETF in the second quarter valued at about $271,000.

First Trust Growth Strength ETF Price Performance

Shares of First Trust Growth Strength ETF stock opened at $35.32 on Thursday. The company has a market capitalization of $1.24 billion, a PE ratio of 23.90 and a beta of 1.12. The business has a 50-day moving average of $35.88 and a 200-day moving average of $34.47. First Trust Growth Strength ETF has a 1-year low of $25.74 and a 1-year high of $36.65.

First Trust Growth Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.0242 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.10 annualized dividend and a yield of 0.3%. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00.

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.