First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Large Volume Increase – Here’s What Happened

First Trust Growth Strength ETF (NASDAQ:FTGS) shares saw unusually-high trading volume on Friday . Approximately 539,140 shares were traded during mid-day trading, an increase of 102% from the previous session’s volume of 266,657 shares.The stock last traded at $29.67 and had previously closed at $30.16.

First Trust Growth Strength ETF Price Performance

The stock has a fifty day moving average of $31.38 and a 200 day moving average of $31.71. The stock has a market cap of $922.35 million, a price-to-earnings ratio of 20.83 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a $0.0248 dividend. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Thursday, March 27th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its position in First Trust Growth Strength ETF by 33.0% during the 4th quarter. LPL Financial LLC now owns 3,812,706 shares of the company’s stock worth $119,719,000 after purchasing an additional 945,823 shares during the period. Envestnet Asset Management Inc. grew its holdings in First Trust Growth Strength ETF by 40.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,454,092 shares of the company’s stock worth $45,658,000 after acquiring an additional 418,807 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust Growth Strength ETF during the fourth quarter worth about $30,903,000. Cetera Investment Advisers raised its position in First Trust Growth Strength ETF by 16.9% during the fourth quarter. Cetera Investment Advisers now owns 947,651 shares of the company’s stock valued at $29,756,000 after acquiring an additional 137,059 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Growth Strength ETF by 9.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 893,102 shares of the company’s stock valued at $28,043,000 after acquiring an additional 74,004 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.