Secure Asset Management LLC Grows Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Secure Asset Management LLC raised its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,472 shares of the company’s stock after purchasing an additional 7,070 shares during the quarter. Secure Asset Management LLC owned 0.37% of First Trust Growth Strength ETF worth $2,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of FTGS. Pinnacle Bancorp Inc. bought a new position in First Trust Growth Strength ETF in the 1st quarter valued at $33,000. GPS Wealth Strategies Group LLC bought a new position in First Trust Growth Strength ETF in the 2nd quarter valued at $40,000. Benjamin Edwards Inc. bought a new position in shares of First Trust Growth Strength ETF during the 1st quarter worth $71,000. NBC Securities Inc. grew its stake in shares of First Trust Growth Strength ETF by 43.2% during the 3rd quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock worth $76,000 after acquiring an additional 740 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust Growth Strength ETF during the 2nd quarter worth $117,000.

First Trust Growth Strength ETF Stock Performance

FTGS stock opened at $31.97 on Friday. The company has a market capitalization of $773.67 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a fifty-two week low of $22.69 and a fifty-two week high of $32.17. The stock has a fifty day moving average of $30.91 and a 200-day moving average of $30.41.

First Trust Growth Strength ETF Increases Dividend

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

About First Trust Growth Strength ETF

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.