Assetmark Inc. Boosts Stock Position in First Trust Growth Strength ETF $FTGS

Assetmark Inc. lifted its holdings in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,456 shares of the company’s stock after buying an additional 43,302 shares during the quarter. Assetmark Inc. owned approximately 1.17% of First Trust Growth Strength ETF worth $13,532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mach 1 Financial Group LLC acquired a new stake in First Trust Growth Strength ETF in the 4th quarter valued at $17,438,000. Raymond James Financial Inc. raised its position in First Trust Growth Strength ETF by 31.1% during the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock worth $56,016,000 after acquiring an additional 370,142 shares during the period. LPL Financial LLC lifted its holdings in First Trust Growth Strength ETF by 2.7% during the fourth quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after purchasing an additional 141,697 shares in the last quarter. Key Client Fiduciary Advisors LLC purchased a new position in First Trust Growth Strength ETF during the fourth quarter valued at $4,982,000. Finally, VestGen Advisors LLC grew its position in shares of First Trust Growth Strength ETF by 118.2% in the fourth quarter. VestGen Advisors LLC now owns 259,184 shares of the company’s stock valued at $9,162,000 after purchasing an additional 140,401 shares during the period.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ FTGS opened at $37.49 on Monday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. The company’s 50-day simple moving average is $37.06 and its 200-day simple moving average is $36.09. First Trust Growth Strength ETF has a 52-week low of $33.00 and a 52-week high of $38.65.

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.