Kestra Advisory Services LLC Sells 315,724 Shares of First Trust Growth Strength ETF $FTGS

Kestra Advisory Services LLC lowered its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 57.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,796 shares of the company’s stock after selling 315,724 shares during the quarter. Kestra Advisory Services LLC’s holdings in First Trust Growth Strength ETF were worth $7,858,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTGS. Petix & Botte Co boosted its position in First Trust Growth Strength ETF by 4.6% in the third quarter. Petix & Botte Co now owns 8,626 shares of the company’s stock valued at $310,000 after buying an additional 376 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings 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 worth $37,000 after buying an additional 385 shares in the last quarter. Lake Street Private Wealth LLC raised its stake in shares of First Trust Growth Strength ETF by 7.2% in the fourth quarter. Lake Street Private Wealth LLC now owns 6,271 shares of the company’s stock valued at $222,000 after acquiring an additional 420 shares during the last quarter. WPG Advisers LLC raised its stake in shares of First Trust Growth Strength ETF by 3.4% in the fourth quarter. WPG Advisers LLC now owns 14,467 shares of the company’s stock valued at $511,000 after acquiring an additional 469 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in shares of First Trust Growth Strength ETF by 78.8% in the 4th quarter. Ameriflex Group Inc. now owns 1,162 shares of the company’s stock worth $41,000 after acquiring an additional 512 shares in the last quarter.

First Trust Growth Strength ETF Price Performance

NASDAQ FTGS opened at $37.82 on Tuesday. The firm has a market cap of $1.28 billion, a PE ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a one year low of $33.00 and a one year high of $38.41. The stock’s 50 day simple moving average is $36.92 and its 200 day simple moving average is $36.04.

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.