Orion Portfolio Solutions LLC Purchases 42,100 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

Orion Portfolio Solutions LLC increased its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 59.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,346 shares of the company’s stock after purchasing an additional 42,100 shares during the period. Orion Portfolio Solutions LLC owned about 0.36% of First Trust Growth Strength ETF worth $3,559,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Morey & Quinn Wealth Partners LLC bought a new stake in First Trust Growth Strength ETF in the 4th quarter valued at $284,000. LPL Financial LLC increased its stake in First Trust Growth Strength ETF by 33.0% in the fourth quarter. LPL Financial LLC now owns 3,812,706 shares of the company’s stock valued at $119,719,000 after acquiring an additional 945,823 shares during the period. Altus Wealth Group LLC acquired a new position in First Trust Growth Strength ETF in the fourth quarter worth about $1,266,000. Harbour Investments Inc. lifted its stake in First Trust Growth Strength ETF by 22.2% during the fourth quarter. Harbour Investments Inc. now owns 75,095 shares of the company’s stock worth $2,358,000 after purchasing an additional 13,656 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in First Trust Growth Strength ETF by 41.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 113,044 shares of the company’s stock valued at $3,550,000 after purchasing an additional 33,002 shares in the last quarter.

First Trust Growth Strength ETF Trading Down 1.8 %

Shares of FTGS opened at $29.61 on Monday. The stock has a market cap of $922.35 million, a PE ratio of 20.83 and a beta of 1.11. First Trust Growth Strength ETF has a 1 year low of $28.31 and a 1 year high of $33.38. The stock has a 50 day simple moving average of $31.38 and a 200-day simple moving average of $31.72.

First Trust Growth Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.0248 per share. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. This represents a $0.10 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, March 27th.

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.