Belpointe Asset Management LLC Cuts Position in First Trust Growth Strength ETF $FTGS

Belpointe Asset Management LLC lowered its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 29.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,525 shares of the company’s stock after selling 20,700 shares during the period. Belpointe Asset Management LLC owned 0.15% of First Trust Growth Strength ETF worth $1,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of First Trust Growth Strength ETF by 14.5% in the 1st quarter. LPL Financial LLC now owns 4,364,579 shares of the company’s stock worth $129,846,000 after purchasing an additional 551,873 shares in the last quarter. CWM LLC boosted its stake in shares of First Trust Growth Strength ETF by 23.0% during the 1st quarter. CWM LLC now owns 1,243,950 shares of the company’s stock worth $37,007,000 after acquiring an additional 232,668 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Growth Strength ETF by 21.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,192,210 shares of the company’s stock worth $35,468,000 after purchasing an additional 208,037 shares in the last quarter. Cetera Investment Advisers raised its holdings in First Trust Growth Strength ETF by 19.1% in the 1st quarter. Cetera Investment Advisers now owns 1,128,599 shares of the company’s stock worth $33,576,000 after purchasing an additional 180,948 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in First Trust Growth Strength ETF by 36.3% during the first quarter. Commonwealth Equity Services LLC now owns 966,121 shares of the company’s stock valued at $28,742,000 after purchasing an additional 257,082 shares in the last quarter.

First Trust Growth Strength ETF Stock Performance

NASDAQ:FTGS opened at $36.46 on Tuesday. The stock has a 50-day simple moving average of $35.41 and a two-hundred day simple moving average of $33.15. The firm has a market capitalization of $1.29 billion, a PE ratio of 23.90 and a beta of 1.11. First Trust Growth Strength ETF has a 52-week low of $25.74 and a 52-week high of $36.57.

First Trust Growth Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.0242 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.10 annualized dividend and a yield of 0.3%. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00.

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.