First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Trading 2.4% Higher – Here’s Why

First Trust SMID Growth Strength ETF (NASDAQ:FSGS) traded up 2.4% during mid-day trading on Wednesday . The stock traded as high as $30.65 and last traded at $30.32. 3,529 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 1,799 shares. The stock had previously closed at $29.62.

First Trust SMID Growth Strength ETF Price Performance

The company has a market capitalization of $28.80 million, a P/E ratio of 18.32 and a beta of 1.04. The company has a 50 day moving average of $30.11 and a 200-day moving average of $30.64.

Institutional Investors Weigh In On First Trust SMID Growth Strength ETF

Several institutional investors and hedge funds have recently modified their holdings of FSGS. Susquehanna International Group LLP lifted its position in shares of First Trust SMID Growth Strength ETF by 59.5% in the 3rd quarter. Susquehanna International Group LLP now owns 42,012 shares of the company’s stock worth $1,312,000 after purchasing an additional 15,668 shares during the period. Osaic Holdings Inc. purchased a new stake in shares of First Trust SMID Growth Strength ETF in the 2nd quarter worth about $168,000. Kestra Advisory Services LLC purchased a new position in First Trust SMID Growth Strength ETF during the 4th quarter valued at about $73,000. Citadel Advisors LLC lifted its position in First Trust SMID Growth Strength ETF by 7.2% during the 3rd quarter. Citadel Advisors LLC now owns 35,319 shares of the company’s stock valued at $1,103,000 after acquiring an additional 2,361 shares during the period. Finally, Western Wealth Management LLC lifted its position in First Trust SMID Growth Strength ETF by 8.3% during the 4th quarter. Western Wealth Management LLC now owns 7,552 shares of the company’s stock valued at $230,000 after acquiring an additional 577 shares during the period.

First Trust SMID Growth Strength ETF Company Profile

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.