First Trust Growth Strength ETF (NASDAQ:FTGS) Shares Bought by West Michigan Advisors LLC

West Michigan Advisors LLC increased its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,410 shares of the company’s stock after purchasing an additional 4,454 shares during the period. First Trust Growth Strength ETF accounts for about 1.6% of West Michigan Advisors LLC’s portfolio, making the stock its 14th largest position. West Michigan Advisors LLC owned about 0.51% of First Trust Growth Strength ETF worth $4,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FTGS. Wells Fargo & Company MN lifted its stake in First Trust Growth Strength ETF by 465.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,255 shares of the company’s stock valued at $71,000 after acquiring an additional 1,856 shares during the period. Envestnet Asset Management Inc. lifted its stake in First Trust Growth Strength ETF by 40.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,454,092 shares of the company’s stock valued at $45,658,000 after acquiring an additional 418,807 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust Growth Strength ETF during the 4th quarter valued at approximately $30,903,000. Legacy Investment Solutions LLC lifted its stake in First Trust Growth Strength ETF by 217.9% during the 4th quarter. Legacy Investment Solutions LLC now owns 29,898 shares of the company’s stock valued at $972,000 after acquiring an additional 20,492 shares during the period. Finally, Synovus Financial Corp lifted its stake in First Trust Growth Strength ETF by 25.3% during the 4th quarter. Synovus Financial Corp now owns 71,153 shares of the company’s stock valued at $2,234,000 after acquiring an additional 14,348 shares during the period.

First Trust Growth Strength ETF Price Performance

FTGS opened at $35.01 on Tuesday. The firm has a fifty day moving average price of $33.85 and a 200 day moving average price of $31.89. First Trust Growth Strength ETF has a 1 year low of $25.74 and a 1 year high of $35.68. The stock has a market cap of $1.20 billion, a P/E ratio of 23.90 and a beta of 1.11.

First Trust Growth Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.0036 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, June 26th.

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.