Ergawealth Advisors Inc. Purchases 2,817 Shares of First Trust Growth Strength ETF $FTGS

Ergawealth Advisors Inc. lifted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 14.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,893 shares of the company’s stock after purchasing an additional 2,817 shares during the period. Ergawealth Advisors Inc. owned about 0.06% of First Trust Growth Strength ETF worth $749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FTGS. Fifth Third Bancorp grew its position in shares of First Trust Growth Strength ETF by 138.8% during the 2nd quarter. Fifth Third Bancorp now owns 2,185 shares of the company’s stock valued at $75,000 after acquiring an additional 1,270 shares during the period. Rossby Financial LCC bought a new stake in First Trust Growth Strength ETF during the first quarter valued at about $78,000. NBC Securities Inc. increased its position in First Trust Growth Strength ETF by 152,750.0% in the first quarter. NBC Securities Inc. now owns 3,057 shares of the company’s stock worth $90,000 after buying an additional 3,055 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of First Trust Growth Strength ETF during the 2nd quarter valued at $128,000. Finally, Albion Financial Group UT boosted its stake in shares of First Trust Growth Strength ETF by 330.2% in the first quarter. Albion Financial Group UT now owns 5,735 shares of the company’s stock worth $171,000 after acquiring an additional 4,402 shares during the period.

First Trust Growth Strength ETF Trading Up 0.1%

NASDAQ:FTGS opened at $36.26 on Friday. The stock has a 50-day moving average price of $35.39 and a 200 day moving average price of $33.08. The stock has a market capitalization of $1.29 billion, a P/E ratio of 23.90 and a beta of 1.11. First Trust Growth Strength ETF has a 12-month low of $25.74 and a 12-month high of $36.50.

First Trust Growth Strength ETF Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, September 25th. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00. This represents a $0.10 annualized dividend and a dividend yield of 0.3%.

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.