VestGen Advisors LLC Increases Holdings in First Trust Growth Strength ETF $FTGS

VestGen Advisors LLC lifted its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 35.1% during the second quarter, HoldingsChannel.com reports. The firm owned 93,359 shares of the company’s stock after purchasing an additional 24,254 shares during the quarter. VestGen Advisors LLC’s holdings in First Trust Growth Strength ETF were worth $3,192,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FTGS. CWM LLC boosted its stake in First Trust Growth Strength ETF by 3.6% in the 2nd quarter. CWM LLC now owns 1,288,291 shares of the company’s stock worth $44,047,000 after purchasing an additional 44,341 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Growth Strength ETF by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,249,526 shares of the company’s stock worth $42,721,000 after buying an additional 20,912 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Growth Strength ETF by 9.7% in the second quarter. Cetera Investment Advisers now owns 1,238,254 shares of the company’s stock worth $42,336,000 after buying an additional 109,655 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Growth Strength ETF by 21.1% in the first quarter. Raymond James Financial Inc. now owns 1,192,210 shares of the company’s stock valued at $35,468,000 after acquiring an additional 208,037 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in First Trust Growth Strength ETF by 36.3% during the first quarter. Commonwealth Equity Services LLC now owns 966,121 shares of the company’s stock valued at $28,742,000 after acquiring an additional 257,082 shares in the last quarter.

First Trust Growth Strength ETF Trading Up 0.6%

First Trust Growth Strength ETF stock opened at $35.15 on Monday. The firm’s 50 day simple moving average is $35.57 and its 200 day simple moving average is $34.76. The firm has a market capitalization of $1.24 billion, a PE ratio of 23.90 and a beta of 1.12. First Trust Growth Strength ETF has a 1-year low of $25.74 and a 1-year high of $36.65.

First Trust Growth Strength ETF Increases Dividend

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

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.