IFC & Insurance Marketing Inc. Increases Stock Holdings in First Trust Growth Strength ETF $FTGS

IFC & Insurance Marketing Inc. lifted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 36.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,653 shares of the company’s stock after buying an additional 44,865 shares during the quarter. First Trust Growth Strength ETF makes up about 6.0% of IFC & Insurance Marketing Inc.’s holdings, making the stock its 5th biggest holding. IFC & Insurance Marketing Inc.’s holdings in First Trust Growth Strength ETF were worth $5,776,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in First Trust Growth Strength ETF during the 4th quarter valued at about $28,000. Capital Investment Advisory Services LLC grew its holdings in First Trust Growth Strength ETF by 6,214.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock worth $31,000 after purchasing an additional 870 shares during the period. Allworth Financial LP bought a new position in shares of First Trust Growth Strength ETF during the third quarter valued at approximately $32,000. Cullen Frost Bankers Inc. increased its stake in shares of First Trust Growth Strength ETF by 58.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock valued at $37,000 after purchasing an additional 385 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of First Trust Growth Strength ETF by 100.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock valued at $40,000 after purchasing an additional 557 shares in the last quarter.

First Trust Growth Strength ETF Stock Performance

FTGS stock opened at $36.75 on Tuesday. The firm has a 50 day moving average price of $36.54 and a 200-day moving average price of $35.84. First Trust Growth Strength ETF has a 52-week low of $32.41 and a 52-week high of $37.92. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02.

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.