First Trust Growth Strength ETF (NASDAQ:FTGS) Hits New 12-Month High – Should You Buy?

First Trust Growth Strength ETF (NASDAQ:FTGS) shares reached a new 52-week high on Tuesday . The company traded as high as $32.88 and last traded at $32.88, with a volume of 7765 shares. The stock had previously closed at $32.84.

First Trust Growth Strength ETF Price Performance

The firm has a market capitalization of $818.11 million, a P/E ratio of 20.80 and a beta of 1.11. The stock’s 50 day moving average is $31.26 and its two-hundred day moving average is $30.64.

First Trust Growth Strength ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Growth Strength ETF

Several large investors have recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of 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 worth $54,548,000 after acquiring an additional 1,399,347 shares in the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Growth Strength ETF by 270.8% during the second quarter. Cetera Investment Advisers now owns 663,671 shares of the company’s stock worth $20,249,000 after acquiring an additional 484,672 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust Growth Strength ETF by 120.2% during the second quarter. Envestnet Asset Management Inc. now owns 612,216 shares of the company’s stock worth $18,679,000 after acquiring an additional 334,209 shares in the last quarter. CWM LLC increased its position in shares of First Trust Growth Strength ETF by 632.4% during the third quarter. CWM LLC now owns 495,469 shares of the company’s stock worth $15,469,000 after acquiring an additional 427,822 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in First Trust Growth Strength ETF by 13.3% during the third quarter. Prospera Financial Services Inc now owns 436,275 shares of the company’s stock worth $13,620,000 after purchasing an additional 51,152 shares during the last quarter.

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.