D.A. Davidson & CO. Reduces Stock Position in First Trust Growth Strength ETF $FTGS

D.A. Davidson & CO. lessened its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 2.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 299,921 shares of the company’s stock after selling 7,725 shares during the period. D.A. Davidson & CO. owned 0.87% of First Trust Growth Strength ETF worth $10,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. LPL Financial LLC raised its position in shares of First Trust Growth Strength ETF by 14.5% in the first quarter. LPL Financial LLC now owns 4,364,579 shares of the company’s stock worth $129,846,000 after buying an additional 551,873 shares in the last quarter. CWM LLC raised its position in shares of First Trust Growth Strength ETF by 3.6% in the second quarter. CWM LLC now owns 1,288,291 shares of the company’s stock worth $44,047,000 after buying an additional 44,341 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of First Trust Growth Strength ETF by 21.1% in the first quarter. Raymond James Financial Inc. now owns 1,192,210 shares of the company’s stock worth $35,468,000 after buying an additional 208,037 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Growth Strength ETF by 19.1% in the first quarter. Cetera Investment Advisers now owns 1,128,599 shares of the company’s stock worth $33,576,000 after buying an additional 180,948 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of First Trust Growth Strength ETF by 36.3% in the first quarter. Commonwealth Equity Services LLC now owns 966,121 shares of the company’s stock worth $28,742,000 after buying an additional 257,082 shares in the last quarter.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS stock opened at $36.02 on Thursday. First Trust Growth Strength ETF has a 52-week low of $25.74 and a 52-week high of $36.57. The company has a market capitalization of $1.27 billion, a PE ratio of 23.90 and a beta of 1.11. The business’s fifty day moving average is $35.70 and its 200 day moving average is $33.63.

First Trust Growth Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.0242 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00. The ex-dividend date was Thursday, September 25th.

First Trust Growth Strength ETF Company 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.