First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Trading 2.4% Higher – Here’s What Happened

First Trust SMID Growth Strength ETF (NASDAQ:FSGS)’s share price traded up 2.4% during trading on Wednesday . The stock traded as high as $30.65 and last traded at $30.32. 3,529 shares traded hands during mid-day trading, an increase of 96% from the average session volume of 1,799 shares. The stock had previously closed at $29.62.

First Trust SMID Growth Strength ETF Stock Performance

The company has a 50 day moving average price of $30.06 and a 200 day moving average price of $30.63. The firm has a market cap of $28.41 million, a price-to-earnings ratio of 18.32 and a beta of 1.00.

Hedge Funds Weigh In On First Trust SMID Growth Strength ETF

Several large investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in shares of First Trust SMID Growth Strength ETF in the 4th quarter valued at $73,000. Western Wealth Management LLC lifted its stake in shares of First Trust SMID Growth Strength ETF by 8.3% in the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after purchasing an additional 577 shares during the last quarter. Susquehanna International Group LLP lifted its stake in shares of First Trust SMID Growth Strength ETF by 59.5% in the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock valued at $1,312,000 after purchasing an additional 15,668 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of First Trust SMID Growth Strength ETF by 7.2% in the 3rd quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Osaic Holdings Inc. acquired a new position in shares of First Trust SMID Growth Strength ETF in the 2nd quarter valued at $168,000.

First Trust SMID Growth Strength ETF Company Profile

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.