First Trust Growth Strength ETF (NASDAQ:FTGS) Hits New 12-Month High – Here’s What Happened

First Trust Growth Strength ETF (NASDAQ:FTGS)’s share price reached a new 52-week high on Friday . The company traded as high as $36.46 and last traded at $36.44, with a volume of 13634 shares trading hands. The stock had previously closed at $36.24.

First Trust Growth Strength ETF Trading Up 0.1%

The stock’s 50-day moving average price is $35.39 and its two-hundred day moving average price is $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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid 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 was Thursday, September 25th. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00.

Institutional Trading of First Trust Growth Strength ETF

A number of institutional investors have recently modified their holdings of the business. Redhawk Wealth Advisors Inc. lifted its stake in shares of First Trust Growth Strength ETF by 5.1% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 10,570 shares of the company’s stock valued at $361,000 after buying an additional 511 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of First Trust Growth Strength ETF by 6.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 10,359 shares of the company’s stock valued at $354,000 after buying an additional 615 shares in the last quarter. RFG Advisory LLC lifted its stake in shares of First Trust Growth Strength ETF by 2.6% during the 2nd quarter. RFG Advisory LLC now owns 27,105 shares of the company’s stock valued at $927,000 after buying an additional 685 shares in the last quarter. Iams Wealth Management LLC lifted its stake in shares of First Trust Growth Strength ETF by 0.7% during the 2nd quarter. Iams Wealth Management LLC now owns 115,100 shares of the company’s stock valued at $3,935,000 after buying an additional 785 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its stake in shares of First Trust Growth Strength ETF by 5.1% during the 2nd quarter. HBW Advisory Services LLC now owns 20,583 shares of the company’s stock valued at $704,000 after buying an additional 999 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.