Baird Financial Group Inc. Makes New $3.36 Million Investment in First Trust Growth Strength ETF (NASDAQ:FTGS)

Baird Financial Group Inc. acquired a new position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 106,867 shares of the company’s stock, valued at approximately $3,356,000.

Several other institutional investors have also added to or reduced their stakes in FTGS. Raymond James Financial Inc. acquired a new position in shares of First Trust Growth Strength ETF in the 4th quarter worth approximately $30,903,000. LPL Financial LLC raised its stake in First Trust Growth Strength ETF by 33.0% during the fourth quarter. LPL Financial LLC now owns 3,812,706 shares of the company’s stock worth $119,719,000 after buying an additional 945,823 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Growth Strength ETF by 40.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,454,092 shares of the company’s stock valued at $45,658,000 after buying an additional 418,807 shares during the period. Commonwealth Equity Services LLC boosted its position in First Trust Growth Strength ETF by 65.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 709,039 shares of the company’s stock valued at $22,264,000 after acquiring an additional 280,846 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in First Trust Growth Strength ETF by 78.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 392,603 shares of the company’s stock worth $12,328,000 after acquiring an additional 172,198 shares during the period.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ:FTGS opened at $31.45 on Friday. First Trust Growth Strength ETF has a 1 year low of $25.74 and a 1 year high of $33.38. The business’s 50-day moving average is $29.50 and its 200-day moving average is $31.25. The company has a market capitalization of $992.25 million, a price-to-earnings ratio of 19.17 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.0248 dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. This represents a $0.10 annualized dividend and a yield of 0.32%.

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.