N.E.W. Advisory Services LLC Sells 303,142 Shares of First Trust Growth Strength ETF $FTGS

N.E.W. Advisory Services LLC cut its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 99.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,531 shares of the company’s stock after selling 303,142 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in First Trust Growth Strength ETF were worth $52,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its stake in shares of First Trust Growth Strength ETF by 21.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,192,210 shares of the company’s stock worth $35,468,000 after buying an additional 208,037 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in First Trust Growth Strength ETF during the first quarter worth $928,000. WPG Advisers LLC purchased a new position in First Trust Growth Strength ETF in the first quarter worth $330,000. Baird Financial Group Inc. boosted its position in First Trust Growth Strength ETF by 57.9% in the first quarter. Baird Financial Group Inc. now owns 168,760 shares of the company’s stock worth $5,021,000 after purchasing an additional 61,893 shares during the last quarter. Finally, Betterment LLC bought a new position in First Trust Growth Strength ETF in the 1st quarter valued at $285,000.

First Trust Growth Strength ETF Price Performance

Shares of First Trust Growth Strength ETF stock opened at $35.40 on Tuesday. The firm has a market cap of $1.25 billion, a PE ratio of 23.90 and a beta of 1.12. First Trust Growth Strength ETF has a 1 year low of $25.74 and a 1 year high of $36.65. The stock has a fifty day moving average price of $35.44 and a 200-day moving average price of $34.96.

First Trust Growth Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a $0.0055 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.02 annualized dividend and a yield of 0.1%.

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.