Integrated Wealth Concepts LLC Increases Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Integrated Wealth Concepts LLC raised its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 78.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,603 shares of the company’s stock after purchasing an additional 172,198 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in First Trust Growth Strength ETF were worth $12,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FTGS. Synovus Financial Corp grew its stake in shares of First Trust Growth Strength ETF by 15.0% in the third quarter. Synovus Financial Corp now owns 56,805 shares of the company’s stock valued at $1,773,000 after buying an additional 7,396 shares in the last quarter. International Assets Investment Management LLC purchased a new position in First Trust Growth Strength ETF in the 4th quarter worth approximately $410,000. Private Client Services LLC acquired a new stake in First Trust Growth Strength ETF in the fourth quarter valued at approximately $212,000. ORG Partners LLC purchased a new stake in shares of First Trust Growth Strength ETF during the fourth quarter valued at approximately $188,000. Finally, HBW Advisory Services LLC purchased a new stake in shares of First Trust Growth Strength ETF during the fourth quarter valued at approximately $614,000.

First Trust Growth Strength ETF Trading Up 3.3 %

Shares of FTGS stock opened at $29.84 on Friday. The firm has a fifty day simple moving average of $29.64 and a 200-day simple moving average of $31.34. The company has a market capitalization of $951.90 million, a PE ratio of 18.72 and a beta of 1.11. First Trust Growth Strength ETF has a twelve month low of $25.74 and a twelve month high of $33.38.

First Trust Growth Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.0248 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.10 dividend on an annualized basis and a yield of 0.33%. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02.

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.