Kestra Private Wealth Services LLC Cuts Position in First Trust Growth Strength ETF $FTGS

Kestra Private Wealth Services LLC reduced its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 93.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 10,652 shares of the company’s stock after selling 164,415 shares during the period. Kestra Private Wealth Services LLC’s holdings in First Trust Growth Strength ETF were worth $363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FTGS. Rothschild Investment LLC purchased a new position in shares of First Trust Growth Strength ETF in the 4th quarter valued at about $28,000. Capital Investment Advisory Services LLC boosted its holdings in First Trust Growth Strength ETF by 6,214.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock worth $31,000 after buying an additional 870 shares in the last quarter. Allworth Financial LP purchased a new stake in First Trust Growth Strength ETF during the third quarter worth about $32,000. Cullen Frost Bankers Inc. grew its position in First Trust Growth Strength ETF by 58.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock worth $37,000 after buying an additional 385 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in First Trust Growth Strength ETF by 100.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock worth $40,000 after buying an additional 557 shares during the period.

First Trust Growth Strength ETF Stock Performance

Shares of First Trust Growth Strength ETF stock opened at $37.79 on Friday. The company has a 50-day moving average of $36.70 and a two-hundred day moving average of $35.93. First Trust Growth Strength ETF has a 12-month low of $33.00 and a 12-month high of $37.92. The stock has a market cap of $1.28 billion, a PE ratio of 23.90 and a beta of 1.02.

First Trust Growth Strength ETF Company 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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.