First Trust Growth Strength ETF (NASDAQ:FTGS) Reaches New 1-Year High – Here’s What Happened

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS) hit a new 52-week high on Friday . The company traded as high as $32.00 and last traded at $32.00, with a volume of 38811 shares trading hands. The stock had previously closed at $31.75.

First Trust Growth Strength ETF Price Performance

The firm has a market cap of $752.66 million, a PE ratio of 20.80 and a beta of 1.11. The business has a fifty day moving average price of $30.63 and a two-hundred day moving average price of $30.36.

First Trust Growth Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.021 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.08 dividend on an annualized basis and a yield of 0.26%. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01.

Institutional Trading of First Trust Growth Strength ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. lifted its position in shares of First Trust Growth Strength ETF by 93.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock worth $65,000 after purchasing an additional 1,005 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in First Trust Growth Strength ETF during the second quarter valued at about $40,000. SignalPoint Asset Management LLC increased its stake in First Trust Growth Strength ETF by 17.4% during the third quarter. SignalPoint Asset Management LLC now owns 10,061 shares of the company’s stock valued at $314,000 after acquiring an additional 1,493 shares during the period. ICA Group Wealth Management LLC grew its stake in shares of First Trust Growth Strength ETF by 14.6% in the 2nd quarter. ICA Group Wealth Management LLC now owns 13,055 shares of the company’s stock valued at $398,000 after purchasing an additional 1,667 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in shares of First Trust Growth Strength ETF by 82.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 4,245 shares of the company’s stock valued at $130,000 after purchasing an additional 1,919 shares during the period.

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.