First Trust Growth Strength ETF (NASDAQ:FTGS) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $37.04 and traded as high as $38.43. First Trust Growth Strength ETF shares last traded at $38.15, with a volume of 312,133 shares.

First Trust Growth Strength ETF Price Performance

The business has a fifty day moving average of $38.13 and a 200 day moving average of $37.06. The stock has a market cap of $1.30 billion, a PE ratio of 23.68 and a beta of 1.02.

First Trust Growth Strength ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0088 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new stake in First Trust Growth Strength ETF in the 3rd quarter valued at $10,760,000. Independent Advisor Alliance lifted its position in First Trust Growth Strength ETF by 10.9% during the 3rd quarter. Independent Advisor Alliance now owns 465,514 shares of the company’s stock worth $17,760,000 after buying an additional 45,843 shares in the last quarter. Western Wealth Management LLC grew its holdings in First Trust Growth Strength ETF by 14.8% during the 3rd quarter. Western Wealth Management LLC now owns 43,874 shares of the company’s stock worth $1,664,000 after acquiring an additional 5,654 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in First Trust Growth Strength ETF during the 3rd quarter worth about $454,000. Finally, Harbour Investments Inc. bought a new stake in First Trust Growth Strength ETF during the 3rd quarter worth about $6,356,000.

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.