First Trust Growth Strength ETF $FTGS Stock Position Raised by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,380,375 shares of the company’s stock after purchasing an additional 141,697 shares during the quarter. LPL Financial LLC owned approximately 0.15% of First Trust Growth Strength ETF worth $190,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. boosted its stake in First Trust Growth Strength ETF by 31.1% during the 3rd quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after purchasing an additional 370,142 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in First Trust Growth Strength ETF by 7.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock valued at $39,782,000 after purchasing an additional 73,699 shares during the period. ODonnell Financial Services LLC boosted its stake in First Trust Growth Strength ETF by 2.3% during the 3rd quarter. ODonnell Financial Services LLC now owns 500,800 shares of the company’s stock valued at $17,984,000 after purchasing an additional 11,132 shares during the period. Mach 1 Financial Group LLC acquired a new position in First Trust Growth Strength ETF during the 4th quarter valued at about $17,438,000. Finally, Hobart Private Capital LLC boosted its stake in First Trust Growth Strength ETF by 9.1% during the 4th quarter. Hobart Private Capital LLC now owns 465,061 shares of the company’s stock valued at $16,440,000 after purchasing an additional 38,604 shares during the period.

First Trust Growth Strength ETF Stock Up 0.3%

First Trust Growth Strength ETF stock opened at $36.90 on Wednesday. The firm has a 50-day moving average price of $36.09 and a two-hundred day moving average price of $35.69. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a 52-week low of $32.41 and a 52-week high of $37.92.

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