Morey & Quinn Wealth Partners LLC Raises Stock Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Morey & Quinn Wealth Partners LLC increased its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 25.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,394 shares of the company’s stock after acquiring an additional 2,334 shares during the quarter. Morey & Quinn Wealth Partners LLC’s holdings in First Trust Growth Strength ETF were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTGS. Envestnet Portfolio Solutions Inc. boosted its stake in First Trust Growth Strength ETF by 41.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 113,044 shares of the company’s stock worth $3,550,000 after purchasing an additional 33,002 shares during the last quarter. OneAscent Financial Services LLC acquired a new stake in First Trust Growth Strength ETF during the 4th quarter worth $5,299,000. LPL Financial LLC boosted its stake 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 last quarter. ABLE Financial Group LLC boosted its stake in First Trust Growth Strength ETF by 74.3% during the 4th quarter. ABLE Financial Group LLC now owns 13,941 shares of the company’s stock worth $438,000 after purchasing an additional 5,943 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in First Trust Growth Strength ETF by 413.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,443 shares of the company’s stock worth $548,000 after purchasing an additional 14,047 shares during the last quarter.

First Trust Growth Strength ETF Stock Down 2.0%

Shares of FTGS opened at $32.69 on Friday. First Trust Growth Strength ETF has a 52-week low of $25.74 and a 52-week high of $33.55. The firm’s fifty day moving average is $31.23 and its two-hundred day moving average is $31.38. The stock has a market cap of $1.03 billion, a PE ratio of 19.17 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.0248 per share. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 27th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%.

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.