First Trust Growth Strength ETF $FTGS Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,125,357 shares of the company’s stock after purchasing an additional 73,699 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in First Trust Growth Strength ETF were worth $39,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of First Trust Growth Strength ETF during the third quarter worth $28,000. Capital Investment Advisory Services LLC grew its stake in shares of First Trust Growth Strength ETF by 6,214.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock worth $31,000 after purchasing an additional 870 shares in the last quarter. Allworth Financial LP acquired a new position in shares of First Trust Growth Strength ETF during the third quarter worth $32,000. N.E.W. Advisory Services LLC grew its stake in shares of First Trust Growth Strength ETF by 100.0% during the fourth quarter. N.E.W. Advisory Services LLC now owns 3,062 shares of the company’s stock worth $108,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Growth Strength ETF during the fourth quarter worth $201,000.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS stock opened at $36.11 on Monday. The firm has a fifty day moving average price of $35.35 and a 200 day moving average price of $35.49. The company has a market cap of $1.23 billion, a P/E ratio of 23.90 and a beta of 1.03. First Trust Growth Strength ETF has a 12 month low of $32.00 and a 12 month high of $37.04.

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.