West Michigan Advisors LLC Sells 2,418 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

West Michigan Advisors LLC lowered its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,956 shares of the company’s stock after selling 2,418 shares during the period. First Trust Growth Strength ETF accounts for about 1.5% of West Michigan Advisors LLC’s holdings, making the stock its 14th biggest position. West Michigan Advisors LLC’s holdings in First Trust Growth Strength ETF were worth $4,866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC bought a new position in First Trust Growth Strength ETF in the fourth quarter worth approximately $188,000. Janney Montgomery Scott LLC boosted its holdings in First Trust Growth Strength ETF by 73.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 124,861 shares of the company’s stock worth $3,921,000 after acquiring an additional 52,905 shares in the last quarter. Centennial Wealth Advisory LLC bought a new position in First Trust Growth Strength ETF in the third quarter worth approximately $401,000. Nations Financial Group Inc. IA ADV boosted its holdings in First Trust Growth Strength ETF by 27.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,914 shares of the company’s stock worth $903,000 after acquiring an additional 6,300 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in First Trust Growth Strength ETF in the fourth quarter worth approximately $410,000.

First Trust Growth Strength ETF Stock Performance

Shares of NASDAQ:FTGS opened at $31.33 on Friday. First Trust Growth Strength ETF has a 52-week low of $28.31 and a 52-week high of $33.38. The business’s 50 day simple moving average is $32.09 and its two-hundred day simple moving average is $31.79. The firm has a market cap of $975.93 million, a P/E ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Announces Dividend

The business also recently announced 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

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.