First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Trading Down 0.4% – What’s Next?

First Trust SMID Growth Strength ETF (NASDAQ:FSGS)’s share price dropped 0.4% on Thursday . The company traded as low as $30.26 and last traded at $30.42. Approximately 745 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 2,480 shares. The stock had previously closed at $30.53.

First Trust SMID Growth Strength ETF Stock Down 0.4%

The company has a 50-day moving average price of $31.07 and a 200-day moving average price of $30.98. The company has a market capitalization of $27.38 million, a price-to-earnings ratio of 18.32 and a beta of 1.07.

Institutional Investors Weigh In On First Trust SMID Growth Strength ETF

Several hedge funds and other institutional investors have recently modified their holdings of FSGS. Western Wealth Management LLC grew its position in First Trust SMID Growth Strength ETF by 8.3% in the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock worth $230,000 after purchasing an additional 577 shares during the last quarter. Private Trust Co. NA acquired a new stake in First Trust SMID Growth Strength ETF during the second quarter worth about $60,000. Citadel Advisors LLC grew its position in First Trust SMID Growth Strength ETF by 7.2% during the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after buying an additional 2,361 shares in the last quarter. Kestra Advisory Services LLC bought a new position in First Trust SMID Growth Strength ETF during the fourth quarter valued at about $73,000. Finally, Osaic Holdings Inc. acquired a new position in First Trust SMID Growth Strength ETF in the 2nd quarter valued at approximately $168,000.

First Trust SMID Growth Strength ETF Company Profile

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.