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

First Trust Growth Strength ETF (NASDAQ:FTGS) shares saw strong trading volume on Monday . 111,387 shares were traded during mid-day trading, a decline of 37% from the previous session’s volume of 175,958 shares.The stock last traded at $32.01 and had previously closed at $31.93.

First Trust Growth Strength ETF Trading Up 0.5 %

The firm has a market capitalization of $765.35 million, a P/E ratio of 20.80 and a beta of 1.11. The business’s fifty day moving average is $30.68 and its 200 day moving average is $30.37.

First Trust Growth Strength ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Growth Strength ETF

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Trust Growth Strength ETF during the second quarter valued at $117,000. Cetera Advisors LLC purchased a new stake in First Trust Growth Strength ETF during the first quarter valued at about $1,123,000. Park National Corp OH increased its position in shares of First Trust Growth Strength ETF by 1.0% in the first quarter. Park National Corp OH now owns 293,910 shares of the company’s stock worth $9,026,000 after acquiring an additional 2,895 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust Growth Strength ETF by 120.2% in 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. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of First Trust Growth Strength ETF by 80.0% during the second quarter. Atria Wealth Solutions Inc. now owns 38,432 shares of the company’s stock valued at $1,173,000 after acquiring an additional 17,075 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.