First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Stock Price Up 0.2% – Here’s Why

First Trust SMID Growth Strength ETF (NASDAQ:FSGS)’s stock price rose 0.2% on Friday . The company traded as high as $29.30 and last traded at $29.30. Approximately 1,135 shares traded hands during trading, a decline of 45% from the average daily volume of 2,082 shares. The stock had previously closed at $29.24.

First Trust SMID Growth Strength ETF Trading Up 0.2%

The company has a market capitalization of $26.37 million, a PE ratio of 18.32 and a beta of 1.07. The company’s 50 day moving average price is $30.90 and its 200-day moving average price is $30.92.

Institutional Investors Weigh In On First Trust SMID Growth Strength ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSGS. Kestra Advisory Services LLC acquired a new position in shares of First Trust SMID Growth Strength ETF in the 4th quarter valued at about $73,000. Osaic Holdings Inc. acquired a new stake in First Trust SMID Growth Strength ETF during the 2nd quarter worth approximately $168,000. Western Wealth Management LLC acquired a new stake in First Trust SMID Growth Strength ETF during the 2nd quarter worth approximately $207,000. Archer Investment Corp purchased a new position in First Trust SMID Growth Strength ETF in the second quarter valued at approximately $597,000. Finally, Citadel Advisors LLC lifted its position in First Trust SMID Growth Strength ETF by 7.2% during the third quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after buying an additional 2,361 shares in the last quarter.

About First Trust SMID Growth Strength ETF

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.