First Trust Growth Strength ETF (NASDAQ:FTGS) Sets New 52-Week High – Still a Buy?

First Trust Growth Strength ETF (NASDAQ:FTGS) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $37.04 and last traded at $37.04, with a volume of 6842 shares changing hands. The stock had previously closed at $36.72.

First Trust Growth Strength ETF Stock Up 0.6%

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 23.90 and a beta of 1.03. The business has a 50 day moving average of $35.47 and a 200 day moving average of $35.51.

Institutional Trading of First Trust Growth Strength ETF

A number of large investors have recently made changes to their positions in FTGS. Root Financial Partners LLC acquired a new stake in shares of First Trust Growth Strength ETF during the third quarter valued at $28,000. Rothschild Investment LLC acquired a new stake in shares of First Trust Growth Strength ETF during the fourth quarter valued at $28,000. Capital Investment Advisory Services LLC boosted its stake in shares of First Trust Growth Strength ETF by 6,214.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock valued at $31,000 after acquiring an additional 870 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of First Trust Growth Strength ETF during the third quarter valued at $32,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of First Trust Growth Strength ETF by 58.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock valued at $37,000 after acquiring an additional 385 shares during the last quarter.

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.