First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Stock Price Up 0.2% – Here’s Why

First Trust SMID Growth Strength ETF (NASDAQ:FSGS)’s share price rose 0.2% during mid-day trading on Friday . The company traded as high as $29.30 and last traded at $29.30. Approximately 1,135 shares were traded during trading, a decline of 45% from the average daily volume of 2,082 shares. The stock had previously closed at $29.24.

First Trust SMID Growth Strength ETF Price Performance

The company has a market cap of $26.37 million, a price-to-earnings ratio of 18.32 and a beta of 1.07. The firm has a fifty day simple moving average of $30.90 and a 200 day simple moving average of $30.91.

Institutional Investors Weigh In On First Trust SMID Growth Strength ETF

Hedge funds have recently bought and sold shares of the company. Archer Investment Corp acquired a new stake in shares of First Trust SMID Growth Strength ETF in the second quarter valued at about $597,000. Susquehanna International Group LLP boosted its stake in First Trust SMID Growth Strength ETF by 59.5% during the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock valued at $1,312,000 after purchasing an additional 15,668 shares during the period. Western Wealth Management LLC acquired a new stake in First Trust SMID Growth Strength ETF in the 2nd quarter valued at approximately $207,000. Osaic Holdings Inc. acquired a new stake in First Trust SMID Growth Strength ETF in the 2nd quarter valued at approximately $168,000. Finally, Kestra Advisory Services LLC bought a new position in First Trust SMID Growth Strength ETF in the 4th quarter worth approximately $73,000.

First Trust SMID Growth Strength ETF Company Profile

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.