First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Large Volume Increase – Should You Buy?

First Trust Growth Strength ETF (NASDAQ:FTGS) saw unusually-high trading volume on Friday . Approximately 682,581 shares changed hands during trading, an increase of 132% from the previous session’s volume of 293,924 shares.The stock last traded at $30.93 and had previously closed at $30.96.

First Trust Growth Strength ETF Trading Up 1.2 %

The firm has a 50 day simple moving average of $32.09 and a 200 day simple moving average of $31.80. The firm has a market capitalization of $975.93 million, a PE ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.0662 per share. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its holdings in shares of First Trust Growth Strength ETF by 60.4% during the 3rd quarter. FMR LLC now owns 1,609 shares of the company’s stock valued at $50,000 after buying an additional 606 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of First Trust Growth Strength ETF by 465.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,255 shares of the company’s stock valued at $71,000 after buying an additional 1,856 shares during the period. Kestra Investment Management LLC bought a new position in shares of First Trust Growth Strength ETF during the 4th quarter valued at $83,000. REAP Financial Group LLC lifted its holdings in shares of First Trust Growth Strength ETF by 81.2% during the 4th quarter. REAP Financial Group LLC now owns 2,832 shares of the company’s stock valued at $89,000 after buying an additional 1,269 shares during the period. Finally, Tucker Asset Management LLC lifted its holdings in shares of First Trust Growth Strength ETF by 34.1% during the 4th quarter. Tucker Asset Management LLC now owns 4,019 shares of the company’s stock valued at $126,000 after buying an additional 1,021 shares during the period.

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.