First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Strong Trading Volume – Time to Buy?

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS) saw strong trading volume on Monday . 111,387 shares traded hands during trading, a decline of 37% from the previous session’s volume of 175,958 shares.The stock last traded at $32.01 and had previously closed at $31.93.

First Trust Growth Strength ETF Stock Down 1.6 %

The company has a market cap of $766.17 million, a PE ratio of 20.80 and a beta of 1.11. The firm’s 50-day moving average is $30.80 and its 200-day moving average is $30.39.

First Trust Growth Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.021 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01.

Institutional Investors Weigh In On First Trust Growth Strength ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Trust Growth Strength ETF during the 2nd quarter valued at $117,000. Cetera Advisors LLC bought a new stake in First Trust Growth Strength ETF during the first quarter worth about $1,123,000. Truist Financial Corp bought a new stake in First Trust Growth Strength ETF during the second quarter worth about $937,000. Envestnet Asset Management Inc. grew its holdings in First Trust Growth Strength ETF by 120.2% in the second quarter. Envestnet Asset Management Inc. now owns 612,216 shares of the company’s stock worth $18,679,000 after purchasing an additional 334,209 shares during the period. Finally, Iams Wealth Management LLC increased its stake in shares of First Trust Growth Strength ETF by 91.4% during the third quarter. Iams Wealth Management LLC now owns 99,184 shares of the company’s stock valued at $3,097,000 after purchasing an additional 47,353 shares in the last quarter.

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.