Cwm LLC Purchases 44,341 Shares of First Trust Growth Strength ETF $FTGS

Cwm LLC lifted its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 3.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,288,291 shares of the company’s stock after acquiring an additional 44,341 shares during the quarter. Cwm LLC’s holdings in First Trust Growth Strength ETF were worth $44,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Morey & Quinn Wealth Partners LLC grew its position in shares of First Trust Growth Strength ETF by 57.4% during the 2nd quarter. Morey & Quinn Wealth Partners LLC now owns 17,934 shares of the company’s stock worth $613,000 after buying an additional 6,540 shares in the last quarter. Ergawealth Advisors Inc. grew its position in shares of First Trust Growth Strength ETF by 14.8% during the 2nd quarter. Ergawealth Advisors Inc. now owns 21,893 shares of the company’s stock worth $749,000 after buying an additional 2,817 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of First Trust Growth Strength ETF during the 2nd quarter worth $128,000. Centennial Wealth Advisory LLC grew its position in shares of First Trust Growth Strength ETF by 70.7% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 72,133 shares of the company’s stock worth $2,466,000 after buying an additional 29,868 shares in the last quarter. Finally, Traction Financial Partners LLC bought a new position in shares of First Trust Growth Strength ETF during the 2nd quarter worth $877,000.

First Trust Growth Strength ETF Trading Down 2.4%

FTGS opened at $35.40 on Friday. First Trust Growth Strength ETF has a 12-month low of $25.74 and a 12-month high of $36.57. The business’s fifty day simple moving average is $35.50 and its 200-day simple moving average is $33.29. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 23.90 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

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

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.