First Trust Growth Strength ETF (NASDAQ:FTGS) Shares Sold by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP lowered its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,775 shares of the company’s stock after selling 670 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in First Trust Growth Strength ETF were worth $336,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. LPL Financial LLC grew its position in First Trust Growth Strength ETF by 360.2% during the second quarter. LPL Financial LLC now owns 1,787,857 shares of the company’s stock valued at $54,548,000 after acquiring an additional 1,399,347 shares during the period. Cetera Investment Advisers lifted its stake in shares of First Trust Growth Strength ETF by 270.8% in the 2nd quarter. Cetera Investment Advisers now owns 663,671 shares of the company’s stock valued at $20,249,000 after purchasing an additional 484,672 shares in the last quarter. CWM LLC grew its holdings in shares of First Trust Growth Strength ETF by 632.4% during the 3rd quarter. CWM LLC now owns 495,469 shares of the company’s stock worth $15,469,000 after purchasing an additional 427,822 shares during the period. ODonnell Financial Services LLC acquired a new stake in First Trust Growth Strength ETF during the 3rd quarter worth approximately $12,042,000. Finally, Envestnet Asset Management Inc. increased its position in First Trust Growth Strength ETF by 120.2% during the 2nd 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 in the last quarter.

First Trust Growth Strength ETF Price Performance

FTGS stock traded up $0.02 during midday trading on Thursday, reaching $31.44. 27,981 shares of the company’s stock traded hands, compared to its average volume of 176,518. First Trust Growth Strength ETF has a fifty-two week low of $22.69 and a fifty-two week high of $32.17. The business has a 50-day moving average price of $31.07 and a two-hundred day moving average price of $30.44. The company has a market capitalization of $767.14 million, a P/E ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.021 per share. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.27%.

First Trust Growth Strength ETF 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.