Commonwealth Equity Services LLC Acquires 291,556 Shares of First Trust Growth Strength ETF $FTGS

Commonwealth Equity Services LLC bought a new position in First Trust Growth Strength ETF (NASDAQ:FTGS) in the 3rd quarter, Holdings Channel.com reports. The fund bought 291,556 shares of the company’s stock, valued at approximately $11,056,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FTGS. Integrity Alliance LLC. bought a new position in shares of First Trust Growth Strength ETF during the third quarter worth about $223,000. Signature Equity Partners LLC increased its holdings in First Trust Growth Strength ETF by 1,704.1% in the third quarter. Signature Equity Partners LLC now owns 17,229 shares of the company’s stock valued at $653,000 after buying an additional 16,274 shares during the last quarter. Vise Technologies Inc. increased its holdings in First Trust Growth Strength ETF by 0.3% in the third quarter. Vise Technologies Inc. now owns 123,051 shares of the company’s stock valued at $4,666,000 after buying an additional 361 shares during the last quarter. MGO One Seven LLC increased its holdings in First Trust Growth Strength ETF by 3.0% in the third quarter. MGO One Seven LLC now owns 20,617 shares of the company’s stock valued at $782,000 after buying an additional 607 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC increased its holdings in First Trust Growth Strength ETF by 2.3% in the third quarter. Morey & Quinn Wealth Partners LLC now owns 27,836 shares of the company’s stock valued at $1,056,000 after buying an additional 633 shares during the last quarter.

First Trust Growth Strength ETF Stock Down 0.9%

Shares of NASDAQ FTGS opened at $38.07 on Friday. The stock’s 50 day moving average price is $38.12 and its two-hundred day moving average price is $37.07. First Trust Growth Strength ETF has a 52-week low of $33.00 and a 52-week high of $40.12. The stock has a market capitalization of $1.28 billion, a P/E ratio of 23.68 and a beta of 1.02.

First Trust Growth Strength ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.0088 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, September 24th.

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.