Integrated Wealth Concepts LLC Cuts Position in First Trust Growth Strength ETF $FTGS

Integrated Wealth Concepts LLC decreased its holdings in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 6.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252,444 shares of the company’s stock after selling 16,444 shares during the period. Integrated Wealth Concepts LLC owned 0.75% of First Trust Growth Strength ETF worth $9,341,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FTGS. Cambridge Investment Research Advisors Inc. grew its stake in shares of First Trust Growth Strength ETF by 7.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock worth $39,782,000 after buying an additional 73,699 shares during the last quarter. Centennial Wealth Advisory LLC raised its stake in First Trust Growth Strength ETF by 73.6% during the first quarter. Centennial Wealth Advisory LLC now owns 216,767 shares of the company’s stock valued at $7,380,000 after buying an additional 91,927 shares during the last quarter. Vise Technologies Inc. raised its stake in First Trust Growth Strength ETF by 30.5% during the fourth quarter. Vise Technologies Inc. now owns 100,894 shares of the company’s stock valued at $3,567,000 after buying an additional 23,564 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust Growth Strength ETF by 2.7% in the fourth quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock worth $190,200,000 after acquiring an additional 141,697 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. boosted its holdings in First Trust Growth Strength ETF by 36.0% in the first quarter. IFC & Insurance Marketing Inc. now owns 169,653 shares of the company’s stock worth $5,776,000 after acquiring an additional 44,865 shares in the last quarter.

First Trust Growth Strength ETF Trading Down 0.7%

NASDAQ FTGS opened at $37.67 on Friday. First Trust Growth Strength ETF has a 12 month low of $33.00 and a 12 month high of $40.12. The stock has a market cap of $1.27 billion, a P/E ratio of 23.90 and a beta of 1.01. The stock’s fifty day moving average price is $38.65 and its 200-day moving average price is $36.91.

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