Private Advisor Group LLC Purchases 30,599 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

Private Advisor Group LLC boosted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 10.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 337,660 shares of the company’s stock after purchasing an additional 30,599 shares during the quarter. Private Advisor Group LLC’s holdings in First Trust Growth Strength ETF were worth $10,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FTGS. Assetmark Inc. lifted its holdings in shares of First Trust Growth Strength ETF by 108.7% in the third quarter. Assetmark Inc. now owns 294,856 shares of the company’s stock worth $9,205,000 after buying an additional 153,554 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in First Trust Growth Strength ETF in the 4th quarter valued at $4,621,000. Raymond James & Associates lifted its stake in First Trust Growth Strength ETF by 56.3% in the 3rd quarter. Raymond James & Associates now owns 309,493 shares of the company’s stock worth $9,662,000 after purchasing an additional 111,495 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of First Trust Growth Strength ETF by 182.1% during the 3rd quarter. Sigma Planning Corp now owns 169,289 shares of the company’s stock valued at $5,285,000 after purchasing an additional 109,279 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of First Trust Growth Strength ETF during the fourth quarter valued at about $2,867,000.

First Trust Growth Strength ETF Trading Down 0.9 %

Shares of FTGS stock opened at $32.08 on Friday. The stock has a market capitalization of $999.14 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a 12-month low of $28.31 and a 12-month high of $33.38. The stock’s 50-day moving average price is $32.17 and its 200-day moving average price is $31.71.

First Trust Growth Strength ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.0662 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.