Royal Bank of Canada Purchases 210,723 Shares of First Trust Growth Strength ETF $FTGS

Royal Bank of Canada grew its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 108.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 404,261 shares of the company’s stock after purchasing an additional 210,723 shares during the period. Royal Bank of Canada owned about 1.28% of First Trust Growth Strength ETF worth $12,027,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTGS. Rossby Financial LCC bought a new stake in First Trust Growth Strength ETF during the 1st quarter worth approximately $78,000. REAP Financial Group LLC increased its holdings in First Trust Growth Strength ETF by 81.2% during the 4th quarter. REAP Financial Group LLC now owns 2,832 shares of the company’s stock worth $89,000 after purchasing an additional 1,269 shares in the last quarter. NBC Securities Inc. increased its holdings in First Trust Growth Strength ETF by 152,750.0% during the 1st quarter. NBC Securities Inc. now owns 3,057 shares of the company’s stock worth $90,000 after purchasing an additional 3,055 shares in the last quarter. Albion Financial Group UT increased its holdings in First Trust Growth Strength ETF by 330.2% during the 1st quarter. Albion Financial Group UT now owns 5,735 shares of the company’s stock worth $171,000 after purchasing an additional 4,402 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in First Trust Growth Strength ETF during the 1st quarter worth approximately $234,000.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS opened at $36.05 on Friday. The stock has a 50 day moving average price of $34.95 and a two-hundred day moving average price of $32.42. The firm has a market capitalization of $1.24 billion, a P/E ratio of 23.90 and a beta of 1.11. First Trust Growth Strength ETF has a 52 week low of $25.74 and a 52 week high of $36.16.

First Trust Growth Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.0036 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, June 26th.

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.