Independent Financial Group LLC Invests $2.50 Million in First Trust Growth Strength ETF $FTGS

Independent Financial Group LLC bought a new position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 73,337 shares of the company’s stock, valued at approximately $2,497,000.

A number of other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC acquired a new position in First Trust Growth Strength ETF in the fourth quarter valued at $28,000. Capital Investment Advisory Services LLC grew its holdings in First Trust Growth Strength ETF by 6,214.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock worth $31,000 after acquiring an additional 870 shares during the period. Allworth Financial LP acquired a new stake in First Trust Growth Strength ETF during the 3rd quarter worth about $32,000. Cullen Frost Bankers Inc. raised its position in shares of First Trust Growth Strength ETF by 58.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock worth $37,000 after acquiring an additional 385 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of First Trust Growth Strength ETF by 100.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock worth $40,000 after acquiring an additional 557 shares in the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ:FTGS opened at $37.49 on Friday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. The business’s 50-day moving average is $37.06 and its 200-day moving average is $36.09. First Trust Growth Strength ETF has a 1 year low of $33.00 and a 1 year high of $38.65.

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.