Morey & Quinn Wealth Partners LLC Acquires 6,540 Shares of First Trust Growth Strength ETF $FTGS

Morey & Quinn Wealth Partners LLC lifted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 57.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,934 shares of the company’s stock after buying an additional 6,540 shares during the quarter. Morey & Quinn Wealth Partners LLC owned about 0.05% of First Trust Growth Strength ETF worth $613,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Ergawealth Advisors Inc. raised its holdings in shares of First Trust Growth Strength ETF by 14.8% in the second quarter. Ergawealth Advisors Inc. now owns 21,893 shares of the company’s stock valued at $749,000 after buying an additional 2,817 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in First Trust Growth Strength ETF in the second quarter worth about $128,000. Centennial Wealth Advisory LLC increased its position in First Trust Growth Strength ETF by 70.7% in the second quarter. Centennial Wealth Advisory LLC now owns 72,133 shares of the company’s stock worth $2,466,000 after purchasing an additional 29,868 shares during the period. Traction Financial Partners LLC acquired a new stake in First Trust Growth Strength ETF in the second quarter worth about $877,000. Finally, tru Independence LLC acquired a new stake in First Trust Growth Strength ETF in the second quarter worth about $205,000.

First Trust Growth Strength ETF Stock Up 0.8%

Shares of FTGS stock opened at $36.50 on Thursday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 23.90 and a beta of 1.11. First Trust Growth Strength ETF has a 12 month low of $25.74 and a 12 month high of $36.57. The stock has a 50-day moving average price of $35.45 and a 200 day moving average price of $33.20.

First Trust Growth Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.0242 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 25th. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00.

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.