Royal Bank of Canada Boosts Stake in First Trust Growth Strength ETF $FTGS

Royal Bank of Canada raised its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 16.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 514,094 shares of the company’s stock after acquiring an additional 73,363 shares during the quarter. Royal Bank of Canada owned approximately 1.51% of First Trust Growth Strength ETF worth $17,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mach 1 Financial Group LLC purchased a new stake in shares of First Trust Growth Strength ETF during the 4th quarter worth $17,438,000. Raymond James Financial Inc. raised its holdings in First Trust Growth Strength ETF by 31.1% in the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock worth $56,016,000 after purchasing an additional 370,142 shares in the last quarter. LPL Financial LLC raised its holdings 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 purchasing an additional 141,697 shares in the last quarter. Key Client Fiduciary Advisors LLC purchased a new stake in shares of First Trust Growth Strength ETF during the fourth quarter valued at about $4,982,000. Finally, VestGen Advisors LLC lifted its position in shares of First Trust Growth Strength ETF by 118.2% during the fourth quarter. VestGen Advisors LLC now owns 259,184 shares of the company’s stock valued at $9,162,000 after buying an additional 140,401 shares during the last quarter.

First Trust Growth Strength ETF Stock Performance

NASDAQ:FTGS opened at $39.43 on Friday. The company’s 50-day simple moving average is $37.55 and its 200-day simple moving average is $36.31. First Trust Growth Strength ETF has a fifty-two week low of $33.00 and a fifty-two week high of $39.87. The stock has a market capitalization of $1.33 billion, a P/E ratio of 23.90 and a beta of 1.01.

First Trust Growth Strength ETF 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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.