D.A. Davidson & CO. Increases Position in First Trust Growth Strength ETF $FTGS

D.A. Davidson & CO. raised its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 354,602 shares of the company’s stock after purchasing an additional 44,201 shares during the period. D.A. Davidson & CO. owned 1.00% of First Trust Growth Strength ETF worth $12,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of First Trust Growth Strength ETF in the 3rd quarter valued at about $28,000. Capital Investment Advisory Services LLC increased its holdings in shares of First Trust Growth Strength ETF by 6,214.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock valued at $31,000 after acquiring an additional 870 shares during the last quarter. Allworth Financial LP purchased a new position in shares of First Trust Growth Strength ETF in the 3rd quarter valued at about $32,000. Private Trust Co. NA increased its holdings in shares of 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. Finally, N.E.W. Advisory Services LLC increased its holdings in shares of First Trust Growth Strength ETF by 100.0% in the 4th quarter. N.E.W. Advisory Services LLC now owns 3,062 shares of the company’s stock valued at $108,000 after acquiring an additional 1,531 shares during the last quarter.

First Trust Growth Strength ETF Stock Performance

FTGS opened at $36.36 on Tuesday. First Trust Growth Strength ETF has a one year low of $29.48 and a one year high of $37.04. The company has a market cap of $1.24 billion, a P/E ratio of 23.90 and a beta of 1.11. The business’s 50-day simple moving average is $35.27 and its 200-day simple moving average is $35.49.

First Trust Growth Strength ETF Company 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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.