Assetmark Inc. Has $12.01 Million Position in First Trust Growth Strength ETF $FTGS

Assetmark Inc. lessened its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 18.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 334,312 shares of the company’s stock after selling 74,154 shares during the quarter. Assetmark Inc. owned approximately 0.95% of First Trust Growth Strength ETF worth $12,005,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of First Trust Growth Strength ETF by 9.7% in the second quarter. Cetera Investment Advisers now owns 1,238,254 shares of the company’s stock valued at $42,336,000 after purchasing an additional 109,655 shares during the last quarter. KPP Advisory Services LLC boosted its holdings in First Trust Growth Strength ETF by 53.6% during the third quarter. KPP Advisory Services LLC now owns 304,891 shares of the company’s stock worth $10,949,000 after purchasing an additional 106,377 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in First Trust Growth Strength ETF by 1,477.2% in the second quarter. Orion Porfolio Solutions LLC now owns 85,735 shares of the company’s stock valued at $2,931,000 after purchasing an additional 80,299 shares in the last quarter. Benjamin Edwards Inc. increased its stake in First Trust Growth Strength ETF by 52.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 165,244 shares of the company’s stock valued at $5,650,000 after buying an additional 57,055 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of First Trust Growth Strength ETF by 9.4% during the 2nd quarter. Osaic Holdings Inc. now owns 665,133 shares of the company’s stock worth $22,663,000 after buying an additional 57,036 shares during the last quarter.

First Trust Growth Strength ETF Stock Performance

NASDAQ:FTGS opened at $35.28 on Monday. First Trust Growth Strength ETF has a 52-week low of $25.74 and a 52-week high of $36.71. The company has a market cap of $1.25 billion, a P/E ratio of 23.90 and a beta of 1.12. The stock’s 50-day simple moving average is $35.83 and its 200 day simple moving average is $35.56.

First Trust Growth Strength ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.0055 per share. The ex-dividend date 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.