First Trust Growth Strength ETF (NASDAQ:FTGS – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $38.66 and last traded at $38.60, with a volume of 10387 shares. The stock had previously closed at $38.29.
First Trust Growth Strength ETF Stock Performance
The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. The business’s 50 day simple moving average is $37.35 and its 200-day simple moving average is $36.22.
Institutional Trading of First Trust Growth Strength ETF
Several hedge funds have recently added to or reduced their stakes in the business. Mach 1 Financial Group LLC acquired a new position in shares of First Trust Growth Strength ETF during the 4th quarter valued at $17,438,000. Raymond James Financial Inc. grew its holdings in First Trust Growth Strength ETF by 31.1% during the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock worth $56,016,000 after acquiring an additional 370,142 shares during the period. LPL Financial LLC raised its position in First Trust Growth Strength ETF by 2.7% in the fourth quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock worth $190,200,000 after acquiring an additional 141,697 shares in the last quarter. Key Client Fiduciary Advisors LLC acquired a new stake in First Trust Growth Strength ETF in the 4th quarter valued at about $4,982,000. Finally, VestGen Advisors LLC boosted its position in shares of First Trust Growth Strength ETF by 118.2% during the 4th quarter. VestGen Advisors LLC now owns 259,184 shares of the company’s stock valued at $9,162,000 after purchasing an additional 140,401 shares in the last quarter.
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.
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