Jaffetilchin Investment Partners LLC Purchases 14,320 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

Jaffetilchin Investment Partners LLC boosted its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 93.6% in the second quarter, HoldingsChannel reports. The firm owned 29,619 shares of the company’s stock after buying an additional 14,320 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in First Trust Growth Strength ETF were worth $904,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FTGS. Sweet Financial Partners LLC bought a new position in shares of First Trust Growth Strength ETF during the 1st quarter valued at approximately $9,600,000. POM Investment Strategies LLC bought a new position in shares of First Trust Growth Strength ETF during the 2nd quarter valued at approximately $7,229,000. Raymond James Financial Services Advisors Inc. grew its position in shares of First Trust Growth Strength ETF by 179.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 349,373 shares of the company’s stock valued at $10,659,000 after acquiring an additional 224,245 shares during the period. Hobart Private Capital LLC bought a new position in shares of First Trust Growth Strength ETF during the 2nd quarter valued at approximately $5,457,000. Finally, Raymond James & Associates grew its position in shares of First Trust Growth Strength ETF by 698.0% during the 2nd quarter. Raymond James & Associates now owns 197,998 shares of the company’s stock valued at $6,041,000 after acquiring an additional 173,186 shares during the period.

First Trust Growth Strength ETF Price Performance

Shares of First Trust Growth Strength ETF stock traded up $0.25 on Friday, reaching $31.26. 73,786 shares of the company traded hands, compared to its average volume of 163,881. First Trust Growth Strength ETF has a 52 week low of $22.69 and a 52 week high of $31.80. The company has a 50 day moving average of $30.51 and a 200 day moving average of $30.11. The firm has a market capitalization of $581.44 million, a PE ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.0135 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Thursday, June 27th.

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.