Mach 1 Financial Group LLC bought a new position in First Trust Growth Strength ETF (NASDAQ:FTGS – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 493,293 shares of the company’s stock, valued at approximately $17,438,000. First Trust Growth Strength ETF comprises approximately 3.6% of Mach 1 Financial Group LLC’s holdings, making the stock its 3rd biggest holding. Mach 1 Financial Group LLC owned 1.40% of First Trust Growth Strength ETF as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of FTGS. Raymond James Financial Inc. lifted 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 worth $56,016,000 after buying an additional 370,142 shares during the last quarter. Key Client Fiduciary Advisors LLC bought a new stake in First Trust Growth Strength ETF in the 4th quarter worth approximately $4,982,000. PCG Wealth Advisors LLC bought a new stake in First Trust Growth Strength ETF in the 3rd quarter worth approximately $5,016,000. KPP Advisory Services LLC lifted its position in First Trust Growth Strength ETF by 53.6% in the 3rd quarter. KPP Advisory Services LLC now owns 304,891 shares of the company’s stock worth $10,949,000 after buying an additional 106,377 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in First Trust Growth Strength ETF by 1,477.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 85,735 shares of the company’s stock worth $2,931,000 after buying an additional 80,299 shares during the last quarter.
First Trust Growth Strength ETF Price Performance
NASDAQ:FTGS opened at $36.44 on Thursday. The business has a 50 day moving average of $35.38 and a 200 day moving average of $35.49. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 23.90 and a beta of 1.03. First Trust Growth Strength ETF has a 1-year low of $32.00 and a 1-year high of $37.04.
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.
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