First Trust Growth Strength ETF $FTGS Stock Position Lowered by CoreCap Advisors LLC

CoreCap Advisors LLC lowered its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 36.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,774 shares of the company’s stock after selling 24,794 shares during the quarter. CoreCap Advisors LLC owned 0.12% of First Trust Growth Strength ETF worth $1,536,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA lifted its holdings in First Trust Growth Strength ETF by 49.6% in the 3rd quarter. Private Trust Co. NA now owns 1,183 shares of the company’s stock valued at $42,000 after acquiring an additional 392 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of First Trust Growth Strength ETF in the 3rd quarter worth approximately $44,000. Fifth Third Bancorp lifted its stake in First Trust Growth Strength ETF by 138.8% during the second quarter. Fifth Third Bancorp now owns 2,185 shares of the company’s stock valued at $75,000 after purchasing an additional 1,270 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in First Trust Growth Strength ETF during the second quarter worth approximately $128,000. Finally, tru Independence LLC bought a new stake in First Trust Growth Strength ETF during the second quarter worth approximately $205,000.

First Trust Growth Strength ETF Stock Performance

NASDAQ FTGS opened at $36.08 on Friday. First Trust Growth Strength ETF has a 1 year low of $25.74 and a 1 year high of $36.65. The business’s fifty day moving average is $35.29 and its two-hundred day moving average is $35.27. The stock has a market capitalization of $1.28 billion, a P/E ratio of 23.90 and a beta of 1.12.

First Trust Growth Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.0055 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.02 dividend on an annualized basis and a dividend 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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.