ODonnell Financial Services LLC Boosts Holdings in First Trust Growth Strength ETF $FTGS

ODonnell Financial Services LLC boosted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 489,668 shares of the company’s stock after acquiring an additional 3,559 shares during the quarter. First Trust Growth Strength ETF accounts for about 6.4% of ODonnell Financial Services LLC’s investment portfolio, making the stock its 4th biggest position. ODonnell Financial Services LLC’s holdings in First Trust Growth Strength ETF were worth $16,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Centennial Wealth Advisory LLC increased its stake in First Trust Growth Strength ETF by 70.7% in the second quarter. Centennial Wealth Advisory LLC now owns 72,133 shares of the company’s stock valued at $2,466,000 after acquiring an additional 29,868 shares during the period. Western Wealth Management LLC increased its stake in First Trust Growth Strength ETF by 22.0% in the first quarter. Western Wealth Management LLC now owns 30,944 shares of the company’s stock valued at $921,000 after acquiring an additional 5,584 shares during the period. Clarity Capital Partners LLC increased its stake in First Trust Growth Strength ETF by 49.8% in the first quarter. Clarity Capital Partners LLC now owns 11,368 shares of the company’s stock valued at $338,000 after acquiring an additional 3,777 shares during the period. Gateway Wealth Partners LLC grew its stake in First Trust Growth Strength ETF by 74.2% during the first quarter. Gateway Wealth Partners LLC now owns 118,967 shares of the company’s stock worth $3,539,000 after buying an additional 50,692 shares during the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. grew its stake in First Trust Growth Strength ETF by 15.3% during the first quarter. Boyce & Associates Wealth Consulting Inc. now owns 70,264 shares of the company’s stock worth $2,090,000 after buying an additional 9,316 shares during the last quarter.

First Trust Growth Strength ETF Trading Up 0.2%

Shares of First Trust Growth Strength ETF stock opened at $35.84 on Monday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 23.90 and a beta of 1.11. First Trust Growth Strength ETF has a 1-year low of $25.74 and a 1-year high of $36.57. The firm’s 50-day moving average price is $35.61 and its two-hundred day moving average price is $33.53.

First Trust Growth Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.0242 per share. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 25th.

First Trust Growth Strength ETF 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.