First Trust Growth Strength ETF $FTGS Position Boosted by Private Advisor Group LLC

Private Advisor Group LLC increased its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 10.9% in the third quarter, Holdings Channel reports. The firm owned 373,778 shares of the company’s stock after purchasing an additional 36,858 shares during the quarter. Private Advisor Group LLC’s holdings in First Trust Growth Strength ETF were worth $13,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in First Trust Growth Strength ETF during the third quarter valued at approximately $28,000. Private Trust Co. NA grew its position in shares of 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 worth $42,000 after acquiring an additional 392 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of First Trust Growth Strength ETF in the 3rd quarter valued at approximately $44,000. Lake Street Private Wealth LLC bought a new stake in shares of First Trust Growth Strength ETF in the 3rd quarter valued at approximately $210,000. Finally, Retirement Guys Formula LLC acquired a new stake in shares of First Trust Growth Strength ETF during the 3rd quarter valued at approximately $218,000.

First Trust Growth Strength ETF Price Performance

Shares of FTGS opened at $35.49 on Wednesday. The business’s fifty day moving average price is $35.84 and its 200 day moving average price is $35.66. First Trust Growth Strength ETF has a 12-month low of $25.74 and a 12-month high of $36.71. The stock has a market capitalization of $1.25 billion, a PE ratio of 23.90 and a beta of 1.12.

First Trust Growth Strength ETF Cuts Dividend

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

First Trust Growth Strength ETF 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.