Cetera Investment Advisers Purchases 46,709 Shares of First Trust Growth Strength ETF $FTGS

Cetera Investment Advisers grew its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 3.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,490,187 shares of the company’s stock after acquiring an additional 46,709 shares during the period. Cetera Investment Advisers’ holdings in First Trust Growth Strength ETF were worth $50,734,000 at the end of the most recent quarter.

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

First Trust Growth Strength ETF Stock Performance

Shares of FTGS opened at $37.29 on Friday. The stock has a 50 day simple moving average of $37.19 and a 200 day simple moving average of $36.16. First Trust Growth Strength ETF has a 52-week low of $33.00 and a 52-week high of $38.65. The firm has a market capitalization of $1.26 billion, a PE ratio of 23.90 and a beta of 1.02.

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.