Integrated Wealth Concepts LLC Increases Stock Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Integrated Wealth Concepts LLC boosted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 78.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 392,603 shares of the company’s stock after buying an additional 172,198 shares during the period. Integrated Wealth Concepts LLC owned 1.26% of First Trust Growth Strength ETF worth $12,328,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FTGS. FSB Premier Wealth Management Inc. lifted its holdings in shares of First Trust Growth Strength ETF by 5.2% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 14,441 shares of the company’s stock worth $453,000 after acquiring an additional 709 shares during the period. Barry Investment Advisors LLC boosted its holdings in shares of First Trust Growth Strength ETF by 4.4% in the 4th quarter. Barry Investment Advisors LLC now owns 17,934 shares of the company’s stock valued at $563,000 after purchasing an additional 751 shares during the last quarter. San Luis Wealth Advisors LLC grew its stake in shares of First Trust Growth Strength ETF by 0.5% during the 4th quarter. San Luis Wealth Advisors LLC now owns 154,784 shares of the company’s stock valued at $4,860,000 after buying an additional 776 shares during the period. Ergawealth Advisors Inc. increased its holdings in shares of 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 worth $594,000 after buying an additional 785 shares during the last quarter. Finally, StoneX Group Inc. boosted its holdings in First Trust Growth Strength ETF by 5.5% in the fourth quarter. StoneX Group Inc. now owns 15,219 shares of the company’s stock valued at $478,000 after acquiring an additional 792 shares during the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ:FTGS opened at $29.84 on Friday. The business has a 50-day moving average of $29.64 and a two-hundred day moving average of $31.34. The firm has a market capitalization of $951.90 million, a PE ratio of 18.72 and a beta of 1.11. First Trust Growth Strength ETF has a 12 month low of $25.74 and a 12 month high of $33.38.

First Trust Growth Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.0248 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02.

About First Trust Growth Strength ETF

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.