Truist Financial Corp Cuts Position in First Trust Growth Strength ETF $FTGS

Truist Financial Corp cut its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 34.4% during the fourth quarter, HoldingsChannel reports. The fund owned 31,315 shares of the company’s stock after selling 16,421 shares during the quarter. Truist Financial Corp’s holdings in First Trust Growth Strength ETF were worth $1,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTGS. Raymond James Financial Inc. grew its stake in First Trust Growth Strength ETF by 31.1% during the 3rd quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock worth $56,016,000 after buying an additional 370,142 shares during the last quarter. Key Client Fiduciary Advisors LLC purchased a new position in First Trust Growth Strength ETF during the 4th quarter worth $4,982,000. PCG Wealth Advisors LLC purchased a new position in First Trust Growth Strength ETF during the 3rd quarter worth $5,016,000. KPP Advisory Services LLC grew its stake in First Trust Growth Strength ETF by 53.6% during the 3rd quarter. KPP Advisory Services LLC now owns 304,891 shares of the company’s stock worth $10,949,000 after buying an additional 106,377 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew its stake in First Trust Growth Strength ETF by 1,477.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 85,735 shares of the company’s stock worth $2,931,000 after buying an additional 80,299 shares during the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of FTGS stock opened at $36.11 on Friday. First Trust Growth Strength ETF has a 1-year low of $32.00 and a 1-year high of $37.04. The stock’s fifty day moving average price is $35.35 and its 200 day moving average price is $35.49. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 23.90 and a beta of 1.03.

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.