IFP Advisors Inc Sells 19,198 Shares of First Trust Growth Strength ETF $FTGS

IFP Advisors Inc reduced its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 98,311 shares of the company’s stock after selling 19,198 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Growth Strength ETF were worth $3,530,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its position in shares of First Trust Growth Strength ETF by 31.1% in the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after purchasing an additional 370,142 shares during the period. CWM LLC boosted its holdings in shares of First Trust Growth Strength ETF by 1.6% during the 3rd quarter. CWM LLC now owns 1,308,488 shares of the company’s stock worth $46,988,000 after buying an additional 20,197 shares during the period. Osaic Holdings Inc. grew its stake in First Trust Growth Strength ETF by 9.4% in the 2nd quarter. Osaic Holdings Inc. now owns 665,133 shares of the company’s stock valued at $22,663,000 after buying an additional 57,036 shares during the last quarter. ODonnell Financial Services LLC raised its holdings in First Trust Growth Strength ETF by 2.3% in the 3rd quarter. ODonnell Financial Services LLC now owns 500,800 shares of the company’s stock worth $17,984,000 after acquiring an additional 11,132 shares during the period. Finally, Hobart Private Capital LLC raised its holdings in First Trust Growth Strength ETF by 7.4% in the 3rd quarter. Hobart Private Capital LLC now owns 426,457 shares of the company’s stock worth $15,314,000 after acquiring an additional 29,268 shares during the period.

First Trust Growth Strength ETF Price Performance

FTGS stock opened at $34.06 on Friday. First Trust Growth Strength ETF has a 52-week low of $25.74 and a 52-week high of $36.71. The company has a 50-day moving average of $35.66 and a two-hundred day moving average of $35.63. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 23.90 and a beta of 1.12.

First Trust Growth Strength ETF Company 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.