Prospera Financial Services Inc Lowers Holdings in First Trust Growth Strength ETF $FTGS

Prospera Financial Services Inc lowered its holdings in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,713 shares of the company’s stock after selling 44,049 shares during the quarter. Prospera Financial Services Inc owned approximately 1.17% of First Trust Growth Strength ETF worth $14,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTGS. Root Financial Partners LLC purchased a new position in First Trust Growth Strength ETF in the 3rd quarter worth approximately $28,000. Private Trust Co. NA raised its position in shares of First Trust Growth Strength ETF by 49.6% during the third quarter. Private Trust Co. NA now owns 1,183 shares of the company’s stock valued at $42,000 after buying an additional 392 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in shares of First Trust Growth Strength ETF in the third quarter worth $44,000. Retirement Guys Formula LLC bought a new position in shares of First Trust Growth Strength ETF during the third quarter worth $218,000. Finally, Concurrent Investment Advisors LLC purchased a new position in First Trust Growth Strength ETF during the third quarter valued at $228,000.

First Trust Growth Strength ETF Stock Performance

Shares of NASDAQ FTGS opened at $35.90 on Tuesday. The company has a market cap of $1.27 billion, a P/E ratio of 23.90 and a beta of 1.12. First Trust Growth Strength ETF has a 52-week low of $25.74 and a 52-week high of $36.71. The firm’s fifty day moving average is $35.83 and its two-hundred day moving average is $35.56.

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 given a $0.0055 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date 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.