Citadel Advisors LLC Reduces Stock Position in First Trust Growth Strength ETF $FTGS

Citadel Advisors LLC cut its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 53.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,348 shares of the company’s stock after selling 32,549 shares during the period. Citadel Advisors LLC owned approximately 0.08% of First Trust Growth Strength ETF worth $1,049,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of First Trust Growth Strength ETF during the second quarter worth about $27,000. Rothschild Investment LLC purchased a new stake in First Trust Growth Strength ETF in the fourth quarter valued at approximately $28,000. Allworth Financial LP acquired a new position in First Trust Growth Strength ETF in the 3rd quarter worth approximately $32,000. Cullen Frost Bankers Inc. increased its holdings in First Trust Growth Strength ETF by 58.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock worth $37,000 after buying an additional 385 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in First Trust Growth Strength ETF by 100.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock worth $40,000 after buying an additional 557 shares during the last quarter.

First Trust Growth Strength ETF Price Performance

FTGS stock opened at $37.67 on Friday. The firm’s fifty day simple moving average is $38.65 and its 200-day simple moving average is $36.91. The company has a market capitalization of $1.27 billion, a P/E ratio of 23.90 and a beta of 1.01. First Trust Growth Strength ETF has a 12 month low of $33.00 and a 12 month high of $40.12.

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