First Trust Growth Strength ETF $FTGS Stake Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 14.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 196,643 shares of the company’s stock after purchasing an additional 25,343 shares during the period. Avantax Advisory Services Inc. owned 0.57% of First Trust Growth Strength ETF worth $6,723,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FTGS. BlueChip Wealth Advisors LLC acquired a new position in First Trust Growth Strength ETF in the first quarter worth about $482,000. Cetera Investment Advisers raised its stake in First Trust Growth Strength ETF by 19.1% during the first quarter. Cetera Investment Advisers now owns 1,128,599 shares of the company’s stock valued at $33,576,000 after buying an additional 180,948 shares in the last quarter. LPL Financial LLC lifted its holdings in First Trust Growth Strength ETF by 14.5% during the 1st quarter. LPL Financial LLC now owns 4,364,579 shares of the company’s stock worth $129,846,000 after buying an additional 551,873 shares during the last quarter. N.E.W. Advisory Services LLC grew its position in shares of First Trust Growth Strength ETF by 107.0% in the 1st quarter. N.E.W. Advisory Services LLC now owns 304,673 shares of the company’s stock worth $9,064,000 after acquiring an additional 157,509 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. grew its position in shares of First Trust Growth Strength ETF by 106.6% in the 1st quarter. FSB Premier Wealth Management Inc. now owns 29,834 shares of the company’s stock worth $888,000 after acquiring an additional 15,393 shares in the last quarter.

First Trust Growth Strength ETF Trading Down 0.3%

Shares of NASDAQ FTGS opened at $34.12 on Wednesday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 23.90 and a beta of 1.12. First Trust Growth Strength ETF has a twelve month low of $25.74 and a twelve month high of $36.65. The business has a 50 day simple moving average of $35.79 and a 200-day simple moving average of $34.61.

First Trust Growth Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.0242 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Thursday, September 25th.

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.