NewEdge Advisors LLC Has $8.55 Million Stock Position in First Trust Growth Strength ETF $FTGS

NewEdge Advisors LLC grew its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 10.8% during the 1st quarter, HoldingsChannel reports. The firm owned 251,181 shares of the company’s stock after acquiring an additional 24,427 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Growth Strength ETF were worth $8,552,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FTGS. LPL Financial LLC lifted its position in shares of First Trust Growth Strength ETF by 2.7% during the 4th quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock worth $190,200,000 after buying an additional 141,697 shares during the period. Raymond James Financial Inc. grew its position in First Trust Growth Strength ETF by 31.1% in the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after acquiring an additional 370,142 shares during the period. Cetera Investment Advisers raised its stake in First Trust Growth Strength ETF by 3.2% during the first quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock worth $50,734,000 after acquiring an additional 46,709 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in First Trust Growth Strength ETF by 7.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock worth $39,782,000 after acquiring an additional 73,699 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of First Trust Growth Strength ETF by 1.9% during the fourth quarter. Stifel Financial Corp now owns 756,372 shares of the company’s stock valued at $26,742,000 after acquiring an additional 14,241 shares during the period.

First Trust Growth Strength ETF Stock Performance

Shares of NASDAQ:FTGS opened at $39.71 on Monday. The company’s fifty day moving average is $37.59 and its 200-day moving average is $36.33. First Trust Growth Strength ETF has a 52 week low of $33.00 and a 52 week high of $39.87. The company has a market capitalization of $1.34 billion, a PE ratio of 23.90 and a beta of 1.01.

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.