Mach 1 Financial Group LLC Acquires Shares of 493,293 First Trust Growth Strength ETF $FTGS

Mach 1 Financial Group LLC acquired a new stake in First Trust Growth Strength ETF (NASDAQ:FTGS) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 493,293 shares of the company’s stock, valued at approximately $17,438,000. First Trust Growth Strength ETF comprises approximately 3.6% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 3rd biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTGS. Raymond James Financial Inc. lifted its position in First Trust Growth Strength ETF by 31.1% in the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after purchasing an additional 370,142 shares during the last quarter. Key Client Fiduciary Advisors LLC bought a new stake in First Trust Growth Strength ETF in the fourth quarter valued at approximately $4,982,000. PCG Wealth Advisors LLC bought a new stake in First Trust Growth Strength ETF in the third quarter valued at approximately $5,016,000. KPP Advisory Services LLC lifted its position in First Trust Growth Strength ETF by 53.6% in the third quarter. KPP Advisory Services LLC now owns 304,891 shares of the company’s stock valued at $10,949,000 after purchasing an additional 106,377 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in First Trust Growth Strength ETF by 1,477.2% in the second quarter. Orion Porfolio Solutions LLC now owns 85,735 shares of the company’s stock valued at $2,931,000 after purchasing an additional 80,299 shares during the last quarter.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS stock opened at $36.44 on Thursday. First Trust Growth Strength ETF has a fifty-two week low of $32.00 and a fifty-two week high of $37.04. The stock has a 50 day moving average price of $35.38 and a two-hundred day moving average price of $35.49. The company has a market capitalization of $1.24 billion, a P/E ratio of 23.90 and a beta of 1.03.

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.