ABLE Financial Group LLC Takes Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

ABLE Financial Group LLC bought a new stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 7,998 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Centennial Wealth Advisory LLC bought a new stake in shares of First Trust Growth Strength ETF during the 3rd quarter valued at about $401,000. Janney Montgomery Scott LLC boosted its stake in First Trust Growth Strength ETF by 121.8% in the third quarter. Janney Montgomery Scott LLC now owns 71,956 shares of the company’s stock valued at $2,246,000 after acquiring an additional 39,520 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of First Trust Growth Strength ETF by 10.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 69,205 shares of the company’s stock valued at $2,161,000 after purchasing an additional 6,370 shares during the last quarter. Gateway Wealth Partners LLC raised its position in shares of First Trust Growth Strength ETF by 81.7% during the 3rd quarter. Gateway Wealth Partners LLC now owns 37,772 shares of the company’s stock worth $1,179,000 after purchasing an additional 16,979 shares during the period. Finally, Barry Investment Advisors LLC lifted its holdings in shares of First Trust Growth Strength ETF by 12.7% in the 3rd quarter. Barry Investment Advisors LLC now owns 17,183 shares of the company’s stock worth $536,000 after purchasing an additional 1,943 shares during the last quarter.

First Trust Growth Strength ETF Trading Up 0.7 %

FTGS traded up $0.24 during trading on Friday, reaching $32.74. 20,091 shares of the company were exchanged, compared to its average volume of 176,664. The stock has a market cap of $816.86 million, a P/E ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a 52 week low of $24.04 and a 52 week high of $32.74. The firm has a 50 day moving average of $31.19 and a 200 day moving average of $30.57.

First Trust Growth Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.021 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01.

First Trust Growth Strength ETF Company 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.