AE Wealth Management LLC Sells 28,504 Shares of First Trust Growth Strength ETF $FTGS

AE Wealth Management LLC lowered its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 24.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,249 shares of the company’s stock after selling 28,504 shares during the quarter. AE Wealth Management LLC owned about 0.25% of First Trust Growth Strength ETF worth $3,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in First Trust Growth Strength ETF by 1.6% in the 3rd quarter. CWM LLC now owns 1,308,488 shares of the company’s stock worth $46,988,000 after acquiring an additional 20,197 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Growth Strength ETF by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,249,526 shares of the company’s stock valued at $42,721,000 after purchasing an additional 20,912 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Growth Strength ETF by 9.7% in the second quarter. Cetera Investment Advisers now owns 1,238,254 shares of the company’s stock worth $42,336,000 after purchasing an additional 109,655 shares during the period. Osaic Holdings Inc. increased its stake in shares of First Trust Growth Strength ETF by 9.4% in the second quarter. Osaic Holdings Inc. now owns 665,133 shares of the company’s stock worth $22,663,000 after purchasing an additional 57,036 shares in the last quarter. Finally, ODonnell Financial Services LLC increased its stake in shares of First Trust Growth Strength ETF by 0.7% in the second quarter. ODonnell Financial Services LLC now owns 489,668 shares of the company’s stock worth $16,742,000 after purchasing an additional 3,559 shares in the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of FTGS stock opened at $35.84 on Friday. First Trust Growth Strength ETF has a one year low of $25.74 and a one year high of $36.71. The company’s fifty day moving average price is $35.75 and its 200-day moving average price is $35.52. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 23.90 and a beta of 1.12.

First Trust Growth Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.0055 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, December 12th.

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.