Altus Wealth Group LLC Decreases Stock Position in First Trust Growth Strength ETF $FTGS

Altus Wealth Group LLC lowered its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,504 shares of the company’s stock after selling 777 shares during the period. Altus Wealth Group LLC owned approximately 0.12% of First Trust Growth Strength ETF worth $1,453,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Redhawk Wealth Advisors Inc. increased its holdings in First Trust Growth Strength ETF by 5.1% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 10,570 shares of the company’s stock valued at $361,000 after purchasing an additional 511 shares during the period. RFG Advisory LLC increased its holdings in First Trust Growth Strength ETF by 2.6% during the 2nd quarter. RFG Advisory LLC now owns 27,105 shares of the company’s stock valued at $927,000 after purchasing an additional 685 shares during the period. Iams Wealth Management LLC increased its holdings in First Trust Growth Strength ETF by 0.7% during the 2nd quarter. Iams Wealth Management LLC now owns 115,100 shares of the company’s stock valued at $3,935,000 after purchasing an additional 785 shares during the period. HBW Advisory Services LLC increased its holdings in First Trust Growth Strength ETF by 5.1% during the 2nd quarter. HBW Advisory Services LLC now owns 20,583 shares of the company’s stock valued at $704,000 after purchasing an additional 999 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in First Trust Growth Strength ETF by 5.2% during the 2nd quarter. International Assets Investment Management LLC now owns 22,116 shares of the company’s stock valued at $756,000 after purchasing an additional 1,100 shares during the period.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ:FTGS opened at $35.84 on Monday. First Trust Growth Strength ETF has a 1 year low of $25.74 and a 1 year high of $36.57. The company has a market cap of $1.27 billion, a PE ratio of 23.90 and a beta of 1.11. The stock’s 50-day moving average is $35.61 and its 200 day moving average is $33.53.

First Trust Growth Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.0242 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00.

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.