First Trust Growth Strength ETF (NASDAQ:FTGS) Sets New 1-Year High – What’s Next?

First Trust Growth Strength ETF (NASDAQ:FTGS)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.99 and last traded at $32.99, with a volume of 12012 shares traded. The stock had previously closed at $32.82.

First Trust Growth Strength ETF Price Performance

The firm has a 50-day simple moving average of $31.65 and a 200 day simple moving average of $30.81. The firm has a market cap of $823.10 million, a PE ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.021 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its position in shares of First Trust Growth Strength ETF by 360.2% during the 2nd quarter. LPL Financial LLC now owns 1,787,857 shares of the company’s stock valued at $54,548,000 after purchasing an additional 1,399,347 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Growth Strength ETF by 270.8% during the second quarter. Cetera Investment Advisers now owns 663,671 shares of the company’s stock valued at $20,249,000 after purchasing an additional 484,672 shares in the last quarter. CWM LLC boosted its position in shares of First Trust Growth Strength ETF by 632.4% in the third quarter. CWM LLC now owns 495,469 shares of the company’s stock worth $15,469,000 after purchasing an additional 427,822 shares during the period. ODonnell Financial Services LLC purchased a new stake in shares of First Trust Growth Strength ETF in the third quarter worth $12,042,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of First Trust Growth Strength ETF by 120.2% in the second quarter. Envestnet Asset Management Inc. now owns 612,216 shares of the company’s stock worth $18,679,000 after acquiring an additional 334,209 shares during the period.

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.