Orion Porfolio Solutions LLC Has $2.75 Million Stake in First Trust Growth Strength ETF $FTGS

Orion Porfolio Solutions LLC increased its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 1,378.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 80,353 shares of the company’s stock after buying an additional 74,917 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in First Trust Growth Strength ETF were worth $2,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Redhawk Wealth Advisors Inc. increased its stake in First Trust Growth Strength ETF by 5.1% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 10,570 shares of the company’s stock valued at $361,000 after buying an additional 511 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of First Trust Growth Strength ETF by 6.3% in the second quarter. J.W. Cole Advisors Inc. now owns 10,359 shares of the company’s stock worth $354,000 after acquiring an additional 615 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of First Trust Growth Strength ETF by 2.6% during the second quarter. RFG Advisory LLC now owns 27,105 shares of the company’s stock worth $927,000 after acquiring an additional 685 shares in the last quarter. Iams Wealth Management LLC boosted its position in First Trust Growth Strength ETF by 0.7% during the second quarter. Iams Wealth Management LLC now owns 115,100 shares of the company’s stock valued at $3,935,000 after purchasing an additional 785 shares during the last quarter. Finally, HBW Advisory Services LLC boosted its position in First Trust Growth Strength ETF by 5.1% during the second quarter. HBW Advisory Services LLC now owns 20,583 shares of the company’s stock valued at $704,000 after purchasing an additional 999 shares during the last quarter.

First Trust Growth Strength ETF Price Performance

FTGS opened at $35.20 on Friday. The company has a market capitalization of $1.24 billion, a PE ratio of 23.90 and a beta of 1.12. First Trust Growth Strength ETF has a fifty-two week low of $25.74 and a fifty-two week high of $36.65. The business has a 50-day moving average of $35.37 and a 200-day moving average of $34.98.

First Trust Growth Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $0.0055 per share. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, December 12th.

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.