Moors & Cabot Inc. Buys 12,917 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

Moors & Cabot Inc. raised its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 50.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,313 shares of the company’s stock after acquiring an additional 12,917 shares during the period. Moors & Cabot Inc.’s holdings in First Trust Growth Strength ETF were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Jaffetilchin Investment Partners LLC acquired a new position in shares of First Trust Growth Strength ETF in the first quarter valued at $470,000. Cetera Investment Advisers lifted its stake in shares of First Trust Growth Strength ETF by 325.7% in the first quarter. Cetera Investment Advisers now owns 178,999 shares of the company’s stock worth $5,497,000 after acquiring an additional 136,951 shares during the period. Cetera Advisors LLC bought a new stake in shares of First Trust Growth Strength ETF in the 1st quarter valued at $1,123,000. CWM LLC acquired a new stake in First Trust Growth Strength ETF during the 2nd quarter worth about $2,064,000. Finally, Albion Financial Group UT bought a new stake in First Trust Growth Strength ETF in the second quarter worth approximately $175,000.

First Trust Growth Strength ETF Stock Performance

Shares of NASDAQ:FTGS opened at $32.82 on Friday. The business’s 50 day simple moving average is $31.60 and its two-hundred day simple moving average is $30.79. First Trust Growth Strength ETF has a 52-week low of $25.26 and a 52-week high of $32.96. The firm has a market cap of $818.86 million, a P/E ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.021 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01.

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.