VestGen Advisors LLC Buys 13,054 Shares of First Trust Growth Strength ETF $FTGS

VestGen Advisors LLC lifted its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 4.8% during the third quarter, Holdings Channel.com reports. The firm owned 287,145 shares of the company’s stock after acquiring an additional 13,054 shares during the period. VestGen Advisors LLC’s holdings in First Trust Growth Strength ETF were worth $10,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its holdings in shares of First Trust Growth Strength ETF by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock valued at $50,734,000 after purchasing an additional 46,709 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Growth Strength ETF by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock valued at $40,164,000 after purchasing an additional 92,206 shares during the period. Royal Bank of Canada lifted its stake in shares of First Trust Growth Strength ETF by 16.6% in the 1st quarter. Royal Bank of Canada now owns 514,094 shares of the company’s stock valued at $17,503,000 after purchasing an additional 73,363 shares during the period. Hobart Private Capital LLC boosted its holdings in First Trust Growth Strength ETF by 5.5% during the second quarter. Hobart Private Capital LLC now owns 425,915 shares of the company’s stock worth $15,760,000 after buying an additional 22,326 shares in the last quarter. Finally, Park National Corp OH purchased a new stake in First Trust Growth Strength ETF during the third quarter worth $13,728,000.

First Trust Growth Strength ETF Stock Performance

FTGS stock opened at $38.36 on Thursday. The firm has a market cap of $1.30 billion, a PE ratio of 23.90 and a beta of 1.02. The firm’s fifty day moving average is $38.46 and its 200 day moving average is $36.99. First Trust Growth Strength ETF has a one year low of $33.00 and a one year high of $40.12.

First Trust Growth Strength ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.0088 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%.

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.