Financial Gravity Asset Management Inc. Has $97,000 Stock Holdings in First Trust Growth Strength ETF $FTGS

Financial Gravity Asset Management Inc. cut its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 86.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,743 shares of the company’s stock after selling 17,530 shares during the quarter. Financial Gravity Asset Management Inc.’s holdings in First Trust Growth Strength ETF were worth $97,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in First Trust Growth Strength ETF by 30,257.9% during the first quarter. Jones Financial Companies Lllp now owns 28,840 shares of the company’s stock valued at $858,000 after purchasing an additional 28,745 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in First Trust Growth Strength ETF during the first quarter valued at approximately $1,009,000. Jane Street Group LLC boosted its holdings in First Trust Growth Strength ETF by 249.0% during the first quarter. Jane Street Group LLC now owns 36,269 shares of the company’s stock valued at $1,079,000 after purchasing an additional 25,877 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in First Trust Growth Strength ETF by 0.9% during the second quarter. NewEdge Advisors LLC now owns 193,833 shares of the company’s stock valued at $6,627,000 after purchasing an additional 1,734 shares in the last quarter. Finally, Betterment LLC boosted its holdings in First Trust Growth Strength ETF by 150.9% during the second quarter. Betterment LLC now owns 24,040 shares of the company’s stock valued at $822,000 after purchasing an additional 14,459 shares in the last quarter.

First Trust Growth Strength ETF Trading Up 0.5%

NASDAQ FTGS opened at $37.04 on Friday. The stock’s 50 day moving average is $36.27 and its two-hundred day moving average is $35.74. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a 1-year low of $32.41 and a 1-year high of $37.92.

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