Hobart Private Capital LLC Boosts Stock Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Hobart Private Capital LLC grew its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 111.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,574 shares of the company’s stock after purchasing an additional 223,449 shares during the quarter. First Trust Growth Strength ETF makes up about 3.2% of Hobart Private Capital LLC’s holdings, making the stock its 9th largest position. Hobart Private Capital LLC’s holdings in First Trust Growth Strength ETF were worth $12,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN grew its position in First Trust Growth Strength ETF by 465.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,255 shares of the company’s stock worth $71,000 after purchasing an additional 1,856 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of First Trust Growth Strength ETF during the fourth quarter valued at approximately $83,000. REAP Financial Group LLC increased its position in shares of First Trust Growth Strength ETF by 81.2% during the fourth quarter. REAP Financial Group LLC now owns 2,832 shares of the company’s stock valued at $89,000 after acquiring an additional 1,269 shares during the last quarter. Tucker Asset Management LLC increased its position in shares of First Trust Growth Strength ETF by 34.1% during the fourth quarter. Tucker Asset Management LLC now owns 4,019 shares of the company’s stock valued at $126,000 after acquiring an additional 1,021 shares during the last quarter. Finally, Synergy Investment Management LLC purchased a new stake in shares of First Trust Growth Strength ETF during the fourth quarter valued at approximately $181,000.

First Trust Growth Strength ETF Trading Down 1.0%

Shares of FTGS opened at $32.65 on Thursday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 19.17 and a beta of 1.11. The stock has a 50 day moving average of $30.30 and a 200 day moving average of $31.37. First Trust Growth Strength ETF has a 12 month low of $25.74 and a 12 month high of $33.39.

First Trust Growth Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.0248 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, March 27th.

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.