Financial Gravity Asset Management Inc. Sells 17,530 Shares of First Trust Growth Strength ETF $FTGS

Financial Gravity Asset Management Inc. reduced its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 86.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,743 shares of the company’s stock after selling 17,530 shares during the period. Financial Gravity Asset Management Inc.’s holdings in First Trust Growth Strength ETF were worth $97,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of First Trust Growth Strength ETF in the fourth quarter worth about $28,000. Capital Investment Advisory Services LLC increased its stake in shares of 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 worth $31,000 after purchasing an additional 870 shares during the period. Allworth Financial LP bought a new position in shares of First Trust Growth Strength ETF in the third quarter worth about $32,000. Cullen Frost Bankers Inc. increased its stake 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 purchasing an additional 385 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 557 shares during the period.

First Trust Growth Strength ETF Stock Performance

First Trust Growth Strength ETF stock opened at $37.04 on Friday. The business’s 50-day simple moving average is $36.27 and its 200-day simple moving average is $35.74. The firm has a market capitalization of $1.26 billion, a PE ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a 52 week low of $32.41 and a 52 week high of $37.92.

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.