Secure Asset Management LLC Boosts Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Posted by John Perry on Jan 24th, 2025

Secure Asset Management LLC boosted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS – Free Report) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 95,561 shares of the company’s stock after buying an additional 5,089 shares during the quarter. Secure Asset Management LLC’s holdings in First Trust Growth Strength ETF were worth $3,001,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of First Trust Growth Strength ETF by 4,668.3% in the 2nd quarter. NewEdge Advisors LLC now owns 86,115 shares of the company’s stock valued at $2,627,000 after buying an additional 84,309 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in First Trust Growth Strength ETF in the second quarter valued at $117,000. Gateway Wealth Partners LLC acquired a new position in First Trust Growth Strength ETF in the second quarter valued at $634,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of First Trust Growth Strength ETF during the second quarter worth about $258,000. Finally, Truist Financial Corp acquired a new stake in shares of First Trust Growth Strength ETF during the second quarter worth about $937,000.

First Trust Growth Strength ETF Stock Performance

First Trust Growth Strength ETF stock opened at $33.30 on Friday. The company has a market capitalization of $995.67 million, a P/E ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a fifty-two week low of $27.71 and a fifty-two week high of $33.38. The stock has a 50-day simple moving average of $32.33 and a 200-day simple moving average of $31.44.

First Trust Growth Strength ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.0662 dividend. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust Growth Strength ETF

(Free Report)

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.