Shares of First Trust Growth Strength ETF (NASDAQ:FTGS – Get Free Report) saw an uptick in trading volume on Thursday . Approximately 220,830 shares changed hands during trading, an increase of 63% from the previous session’s volume of 135,518 shares.The stock last traded at $39.41 and had previously closed at $39.55.
First Trust Growth Strength ETF Price Performance
The company has a market capitalization of $1.33 billion, a PE ratio of 23.90 and a beta of 1.01. The company’s fifty day moving average is $38.02 and its 200-day moving average is $36.52.
Institutional Investors Weigh In On First Trust Growth Strength ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFC & Insurance Marketing Inc. increased its holdings in shares of First Trust Growth Strength ETF by 7.4% during the second quarter. IFC & Insurance Marketing Inc. now owns 182,240 shares of the company’s stock valued at $6,743,000 after acquiring an additional 12,587 shares in the last quarter. First Heartland Consultants Inc. purchased a new stake in First Trust Growth Strength ETF during the 2nd quarter worth approximately $238,000. CoreCap Advisors LLC grew its position in First Trust Growth Strength ETF by 7.0% during the 2nd quarter. CoreCap Advisors LLC now owns 30,085 shares of the company’s stock worth $1,113,000 after purchasing an additional 1,975 shares during the last quarter. Hobart Private Capital LLC increased its stake in First Trust Growth Strength ETF by 5.5% during the 2nd quarter. Hobart Private Capital LLC now owns 425,915 shares of the company’s stock valued at $15,760,000 after purchasing an additional 22,326 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in First Trust Growth Strength ETF by 10.8% during the 1st quarter. NewEdge Advisors LLC now owns 251,181 shares of the company’s stock valued at $8,552,000 after purchasing an additional 24,427 shares in the last quarter.
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.
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