Assetmark Inc. Trims Stake in First Trust Growth Strength ETF (NASDAQ:FTGS)

Assetmark Inc. cut its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 18.8% in the first quarter, HoldingsChannel reports. The firm owned 360,244 shares of the company’s stock after selling 83,578 shares during the period. Assetmark Inc.’s holdings in First Trust Growth Strength ETF were worth $10,717,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of First Trust Growth Strength ETF by 465.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,255 shares of the company’s stock valued at $71,000 after buying an additional 1,856 shares during the period. Rossby Financial LCC bought a new position in First Trust Growth Strength ETF during the 1st quarter worth about $78,000. REAP Financial Group LLC increased its position in First Trust Growth Strength ETF by 81.2% during the 4th quarter. REAP Financial Group LLC now owns 2,832 shares of the company’s stock valued at $89,000 after purchasing an additional 1,269 shares during the period. NBC Securities Inc. raised its holdings in shares of First Trust Growth Strength ETF by 152,750.0% in the 1st quarter. NBC Securities Inc. now owns 3,057 shares of the company’s stock valued at $90,000 after purchasing an additional 3,055 shares in the last quarter. Finally, Tucker Asset Management LLC lifted its position in shares of First Trust Growth Strength ETF by 34.1% in the 4th quarter. Tucker Asset Management LLC now owns 4,019 shares of the company’s stock worth $126,000 after purchasing an additional 1,021 shares during the period.

First Trust Growth Strength ETF Stock Performance

NASDAQ FTGS opened at $35.51 on Friday. The company has a market cap of $1.21 billion, a PE ratio of 23.90 and a beta of 1.11. The firm’s 50 day moving average price is $33.63 and its 200-day moving average price is $31.78. First Trust Growth Strength ETF has a 52-week low of $25.74 and a 52-week high of $35.55.

First Trust Growth Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.0036 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.01 annualized dividend and a yield of 0.04%.

First Trust Growth Strength ETF 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.