First Trust Growth Strength ETF (NASDAQ:FTGS) Hits New 12-Month High – Should You Buy?

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS) hit a new 52-week high during trading on Monday . The company traded as high as $38.01 and last traded at $37.93, with a volume of 3025 shares traded. The stock had previously closed at $37.79.

First Trust Growth Strength ETF Trading Up 0.4%

The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. The stock’s 50 day moving average price is $36.70 and its 200 day moving average price is $35.93.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its holdings in shares of First Trust Growth Strength ETF by 30,257.9% in the 1st quarter. Jones Financial Companies Lllp now owns 28,840 shares of the company’s stock valued at $858,000 after buying an additional 28,745 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in First Trust Growth Strength ETF during the first quarter worth $1,009,000. Jane Street Group LLC increased its holdings in First Trust Growth Strength ETF by 249.0% during the first quarter. Jane Street Group LLC now owns 36,269 shares of the company’s stock worth $1,079,000 after buying an additional 25,877 shares during the last quarter. NewEdge Advisors LLC lifted its stake in First Trust Growth Strength ETF by 0.9% in the second quarter. NewEdge Advisors LLC now owns 193,833 shares of the company’s stock valued at $6,627,000 after acquiring an additional 1,734 shares during the last quarter. Finally, Betterment LLC lifted its stake in First Trust Growth Strength ETF by 150.9% in the second quarter. Betterment LLC now owns 24,040 shares of the company’s stock valued at $822,000 after acquiring an additional 14,459 shares during the last quarter.

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.