LVZ Inc. Sells 23,796 Shares of First Trust Growth Strength ETF $FTGS

LVZ Inc. trimmed its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 22.1% during the first quarter, HoldingsChannel.com reports. The firm owned 84,114 shares of the company’s stock after selling 23,796 shares during the period. First Trust Growth Strength ETF makes up approximately 0.3% of LVZ Inc.’s portfolio, making the stock its 24th biggest holding. LVZ Inc.’s holdings in First Trust Growth Strength ETF were worth $2,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FTGS. LPL Financial LLC raised its holdings in First Trust Growth Strength ETF by 2.7% in the 4th quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after buying an additional 141,697 shares during the last quarter. Raymond James Financial Inc. increased its position in First Trust Growth Strength ETF by 31.1% in the 3rd quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after acquiring an additional 370,142 shares during the period. Cetera Investment Advisers raised its stake in shares of First Trust Growth Strength ETF by 2.5% during the fourth quarter. Cetera Investment Advisers now owns 1,443,478 shares of the company’s stock valued at $51,028,000 after acquiring an additional 35,257 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First Trust Growth Strength ETF by 7.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock worth $39,782,000 after purchasing an additional 73,699 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of First Trust Growth Strength ETF by 1.9% during the fourth quarter. Stifel Financial Corp now owns 756,372 shares of the company’s stock worth $26,742,000 after purchasing an additional 14,241 shares during the period.

First Trust Growth Strength ETF Price Performance

Shares of First Trust Growth Strength ETF stock opened at $37.79 on Monday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a twelve month low of $33.00 and a twelve month high of $37.92. The company’s fifty day moving average is $36.70 and its 200 day moving average is $35.93.

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.