Envestnet Asset Management Inc. Has $36.96 Million Stake in First Trust Growth Strength ETF $FTGS

Envestnet Asset Management Inc. decreased its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,029,216 shares of the company’s stock after selling 220,310 shares during the quarter. Envestnet Asset Management Inc. owned about 2.92% of First Trust Growth Strength ETF worth $36,959,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in First Trust Growth Strength ETF by 1.6% in the third quarter. CWM LLC now owns 1,308,488 shares of the company’s stock valued at $46,988,000 after acquiring an additional 20,197 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust Growth Strength ETF by 9.7% in the 2nd 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. Osaic Holdings Inc. boosted its holdings in First Trust Growth Strength ETF by 9.4% in the second quarter. Osaic Holdings Inc. now owns 665,133 shares of the company’s stock worth $22,663,000 after purchasing an additional 57,036 shares in the last quarter. ODonnell Financial Services LLC increased its position in First Trust Growth Strength ETF by 0.7% during the second quarter. ODonnell Financial Services LLC now owns 489,668 shares of the company’s stock worth $16,742,000 after buying an additional 3,559 shares during the last quarter. Finally, Hobart Private Capital LLC raised its holdings in First Trust Growth Strength ETF by 7.4% during the third quarter. Hobart Private Capital LLC now owns 426,457 shares of the company’s stock valued at $15,314,000 after buying an additional 29,268 shares in the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ:FTGS opened at $35.68 on Wednesday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 23.90 and a beta of 1.12. The business has a 50-day moving average of $35.84 and a two-hundred day moving average of $35.56. First Trust Growth Strength ETF has a fifty-two week low of $25.74 and a fifty-two week high of $36.71.

First Trust Growth Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.0055 dividend. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, December 12th.

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.