Royal Bank of Canada Increases Stock Holdings in First Trust Growth Strength ETF $FTGS

Royal Bank of Canada boosted its holdings in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 16.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 514,094 shares of the company’s stock after buying an additional 73,363 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Growth Strength ETF were worth $17,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTGS. Independent Advisor Alliance grew its stake in shares of First Trust Growth Strength ETF by 9.4% during the fourth quarter. Independent Advisor Alliance now owns 460,276 shares of the company’s stock worth $16,271,000 after acquiring an additional 39,578 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Growth Strength ETF by 7.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock valued at $39,782,000 after purchasing an additional 73,699 shares during the last quarter. Key Client Fiduciary Advisors LLC acquired a new stake in First Trust Growth Strength ETF in the 4th quarter worth approximately $4,982,000. Assetmark Inc. grew its position in First Trust Growth Strength ETF by 5.9% during the 4th quarter. Assetmark Inc. now owns 354,154 shares of the company’s stock worth $12,520,000 after purchasing an additional 19,842 shares during the last quarter. Finally, Vise Technologies Inc. grew its position in First Trust Growth Strength ETF by 30.5% during the 4th quarter. Vise Technologies Inc. now owns 100,894 shares of the company’s stock worth $3,567,000 after purchasing an additional 23,564 shares during the last quarter.

First Trust Growth Strength ETF Trading Down 0.2%

Shares of First Trust Growth Strength ETF stock opened at $39.43 on Friday. The firm’s 50 day simple moving average is $37.55 and its two-hundred day simple moving average is $36.31. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 23.90 and a beta of 1.01. First Trust Growth Strength ETF has a 12-month low of $33.00 and a 12-month high of $39.87.

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.