NewEdge Advisors LLC Sells 29,862 Shares of First Trust Growth Strength ETF $FTGS

NewEdge Advisors LLC reduced its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 13.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 196,892 shares of the company’s stock after selling 29,862 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Growth Strength ETF were worth $6,703,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new stake in First Trust Growth Strength ETF during the fourth quarter worth about $28,000. Capital Investment Advisory Services LLC boosted its stake in First Trust Growth Strength ETF by 6,214.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock valued at $31,000 after acquiring an additional 870 shares during the last quarter. Allworth Financial LP purchased a new position in First Trust Growth Strength ETF in the third quarter valued at about $32,000. Cullen Frost Bankers Inc. grew its position in shares of First Trust Growth Strength ETF by 58.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock valued at $37,000 after acquiring an additional 385 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of First Trust Growth Strength ETF by 100.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock worth $40,000 after purchasing an additional 557 shares during the last quarter.

First Trust Growth Strength ETF Trading Up 1.0%

NASDAQ:FTGS opened at $38.17 on Friday. The firm’s 50 day moving average is $37.32 and its 200 day moving average is $36.21. First Trust Growth Strength ETF has a 12 month low of $33.00 and a 12 month high of $38.65. The stock has a market capitalization of $1.29 billion, a PE ratio of 23.90 and a beta of 1.02.

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.