First Trust Growth Strength ETF (NASDAQ:FTGS) Sets New 52-Week High – Here’s What Happened

First Trust Growth Strength ETF (NASDAQ:FTGS)’s stock price reached a new 52-week high on Monday . The stock traded as high as $38.66 and last traded at $38.60, with a volume of 10387 shares trading hands. The stock had previously closed at $38.29.

First Trust Growth Strength ETF Stock Performance

The stock has a fifty day simple moving average of $37.35 and a two-hundred day simple moving average of $36.22. The stock has a market cap of $1.31 billion, a PE ratio of 23.90 and a beta of 1.02.

Institutional Investors Weigh In On First Trust Growth Strength ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in shares of First Trust Growth Strength ETF by 30,257.9% in the 1st quarter. Jones Financial Companies Lllp now owns 28,840 shares of the company’s stock worth $858,000 after purchasing an additional 28,745 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in First Trust Growth Strength ETF during the first quarter valued at $1,009,000. Jane Street Group LLC increased its stake in First Trust Growth Strength ETF by 249.0% during the first quarter. Jane Street Group LLC now owns 36,269 shares of the company’s stock valued at $1,079,000 after purchasing an additional 25,877 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of First Trust Growth Strength ETF by 0.9% during the second quarter. NewEdge Advisors LLC now owns 193,833 shares of the company’s stock worth $6,627,000 after purchasing an additional 1,734 shares during the period. Finally, Betterment LLC raised its holdings in shares of First Trust Growth Strength ETF by 150.9% during the second quarter. Betterment LLC now owns 24,040 shares of the company’s stock worth $822,000 after purchasing an additional 14,459 shares during the period.

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.