First Trust Growth Strength ETF (NASDAQ:FTGS) Reaches New 52-Week High – Here’s What Happened

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS) hit a new 52-week high on Friday . The stock traded as high as $36.65 and last traded at $36.57, with a volume of 42431 shares traded. The stock had previously closed at $36.46.

First Trust Growth Strength ETF Price Performance

The stock has a market cap of $1.29 billion, a P/E ratio of 23.90 and a beta of 1.12. The stock has a 50-day simple moving average of $35.49 and a 200-day simple moving average of $35.43.

First Trust Growth Strength ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of First Trust Growth Strength ETF during the third quarter valued at about $28,000. Capital Investment Advisory Services LLC boosted its position in First Trust Growth Strength ETF by 6,214.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock worth $31,000 after buying an additional 870 shares during the period. Allworth Financial LP bought a new stake in First Trust Growth Strength ETF during the 3rd quarter worth approximately $32,000. Private Trust Co. NA increased its position in First Trust Growth Strength ETF by 49.6% in the 3rd quarter. Private Trust Co. NA now owns 1,183 shares of the company’s stock valued at $42,000 after acquiring an additional 392 shares during the period. Finally, Salem Investment Counselors Inc. bought a new position in shares of First Trust Growth Strength ETF during the third quarter valued at $44,000.

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