Independent Advisor Alliance Has $16.27 Million Stock Holdings in First Trust Growth Strength ETF $FTGS

Independent Advisor Alliance increased its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 460,276 shares of the company’s stock after acquiring an additional 39,578 shares during the quarter. Independent Advisor Alliance owned about 1.30% of First Trust Growth Strength ETF worth $16,271,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Calton & Associates Inc. acquired a new position in shares of First Trust Growth Strength ETF during the third quarter valued at $661,000. Centennial Wealth Advisory LLC lifted its stake in shares of First Trust Growth Strength ETF by 13.8% during the fourth quarter. Centennial Wealth Advisory LLC now owns 124,840 shares of the company’s stock valued at $4,413,000 after acquiring an additional 15,124 shares during the period. Assetmark Inc. lifted its stake in shares of First Trust Growth Strength ETF by 5.9% during the fourth quarter. Assetmark Inc. now owns 354,154 shares of the company’s stock valued at $12,520,000 after acquiring an additional 19,842 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of First Trust Growth Strength ETF by 109.7% during the third quarter. Stratos Wealth Partners LTD. now owns 30,127 shares of the company’s stock valued at $1,082,000 after acquiring an additional 15,760 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in First Trust Growth Strength ETF by 14.2% in the fourth quarter. D.A. Davidson & CO. now owns 354,602 shares of the company’s stock valued at $12,535,000 after buying an additional 44,201 shares during the period.

First Trust Growth Strength ETF Trading Up 0.5%

NASDAQ:FTGS opened at $36.18 on Wednesday. First Trust Growth Strength ETF has a 1-year low of $32.00 and a 1-year high of $37.04. The business’s 50-day moving average price is $35.34 and its two-hundred day moving average price is $35.49. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 23.90 and a beta of 1.03.

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.