Independent Financial Group LLC Takes Position in First Trust Growth Strength ETF $FTGS

Independent Financial Group LLC purchased a new position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 73,337 shares of the company’s stock, valued at approximately $2,497,000. Independent Financial Group LLC owned 0.22% of First Trust Growth Strength ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FTGS. Mach 1 Financial Group LLC acquired a new stake in First Trust Growth Strength ETF in the fourth quarter valued at $17,438,000. Raymond James Financial Inc. grew its position in shares of First Trust Growth Strength ETF by 31.1% in the 3rd quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after buying an additional 370,142 shares during the last quarter. LPL Financial LLC grew its position in shares of First Trust Growth Strength ETF by 2.7% in the 4th quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after buying an additional 141,697 shares during the last quarter. Key Client Fiduciary Advisors LLC acquired a new stake in shares of First Trust Growth Strength ETF in the fourth quarter valued at about $4,982,000. Finally, VestGen Advisors LLC increased its stake in shares of First Trust Growth Strength ETF by 118.2% in the fourth quarter. VestGen Advisors LLC now owns 259,184 shares of the company’s stock valued at $9,162,000 after buying an additional 140,401 shares during the period.

First Trust Growth Strength ETF Price Performance

Shares of FTGS opened at $37.49 on Friday. The business has a 50-day moving average of $37.06 and a 200-day moving average of $36.09. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a 1 year low of $33.00 and a 1 year high of $38.65.

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