First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS) saw strong trading volume on Friday . 539,140 shares were traded during trading, an increase of 102% from the previous session’s volume of 266,657 shares.The stock last traded at $29.67 and had previously closed at $30.16.

First Trust Growth Strength ETF Trading Down 2.1 %

The company has a market capitalization of $919.55 million, a PE ratio of 20.83 and a beta of 1.11. The business’s fifty day moving average is $31.44 and its two-hundred day moving average is $31.70.

First Trust Growth Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.0248 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02.

Institutional Investors Weigh In On First Trust Growth Strength ETF

Several institutional investors have recently modified their holdings of FTGS. FMR LLC raised its position in First Trust Growth Strength ETF by 60.4% in the 3rd quarter. FMR LLC now owns 1,609 shares of the company’s stock worth $50,000 after buying an additional 606 shares during the last quarter. FSB Premier Wealth Management Inc. lifted its position in First Trust Growth Strength ETF by 5.2% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 14,441 shares of the company’s stock valued at $453,000 after purchasing an additional 709 shares during the period. Barry Investment Advisors LLC boosted its holdings in First Trust Growth Strength ETF by 4.4% in the fourth quarter. Barry Investment Advisors LLC now owns 17,934 shares of the company’s stock worth $563,000 after purchasing an additional 751 shares during the last quarter. San Luis Wealth Advisors LLC grew its position in First Trust Growth Strength ETF by 0.5% in the 4th quarter. San Luis Wealth Advisors LLC now owns 154,784 shares of the company’s stock worth $4,860,000 after purchasing an additional 776 shares during the period. Finally, Ergawealth Advisors Inc. raised its stake in First Trust Growth Strength ETF by 4.3% during the 4th quarter. Ergawealth Advisors Inc. now owns 18,905 shares of the company’s stock valued at $594,000 after buying an additional 785 shares during the last quarter.

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.