Tucker Asset Management LLC Purchases 1,021 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

Tucker Asset Management LLC boosted its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 34.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,019 shares of the company’s stock after purchasing an additional 1,021 shares during the period. Tucker Asset Management LLC’s holdings in First Trust Growth Strength ETF were worth $126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of First Trust Growth Strength ETF during the 4th quarter worth $30,903,000. LPL Financial LLC increased its holdings in First Trust Growth Strength ETF by 33.0% during the fourth quarter. LPL Financial LLC now owns 3,812,706 shares of the company’s stock worth $119,719,000 after buying an additional 945,823 shares during the last quarter. Commonwealth Equity Services LLC raised its position in First Trust Growth Strength ETF by 65.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 709,039 shares of the company’s stock worth $22,264,000 after acquiring an additional 280,846 shares during the period. Assetmark Inc. boosted its stake in First Trust Growth Strength ETF by 50.5% in the fourth quarter. Assetmark Inc. now owns 443,822 shares of the company’s stock valued at $13,936,000 after acquiring an additional 148,966 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of First Trust Growth Strength ETF during the 4th quarter valued at approximately $4,621,000.

First Trust Growth Strength ETF Trading Down 1.8 %

NASDAQ:FTGS opened at $29.61 on Friday. First Trust Growth Strength ETF has a 12 month low of $28.31 and a 12 month high of $33.38. The firm’s 50 day moving average is $31.38 and its 200 day moving average is $31.71. The stock has a market capitalization of $922.35 million, a PE ratio of 20.83 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.0248 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Thursday, March 27th. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02.

First Trust Growth Strength ETF 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.