First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Shares Up 0.7% – Still a Buy?

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) traded up 0.7% during mid-day trading on Thursday . The company traded as high as $30.95 and last traded at $30.95. 3,563 shares changed hands during trading, an increase of 43% from the average session volume of 2,483 shares. The stock had previously closed at $30.75.

First Trust SMID Growth Strength ETF Stock Performance

The stock has a market capitalization of $29.40 million, a PE ratio of 18.32 and a beta of 0.96. The company’s 50 day simple moving average is $30.83 and its 200 day simple moving average is $30.67.

Institutional Investors Weigh In On First Trust SMID Growth Strength ETF

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in shares of First Trust SMID Growth Strength ETF in the fourth quarter valued at $73,000. Osaic Holdings Inc. purchased a new position in First Trust SMID Growth Strength ETF during the second quarter worth about $168,000. Western Wealth Management LLC lifted its position in First Trust SMID Growth Strength ETF by 8.3% during the fourth quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock worth $230,000 after buying an additional 577 shares during the period. Citadel Advisors LLC boosted its stake in First Trust SMID Growth Strength ETF by 7.2% in the 3rd quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock worth $1,103,000 after buying an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in First Trust SMID Growth Strength ETF by 59.5% in the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock worth $1,312,000 after buying an additional 15,668 shares during the last quarter.

First Trust SMID Growth Strength ETF Company Profile

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.