First Trust Growth Strength ETF (NASDAQ:FTGS) Reaches New 12-Month High – Time to Buy?

First Trust Growth Strength ETF (NASDAQ:FTGS) reached a new 52-week high on Monday . The stock traded as high as $38.01 and last traded at $37.93, with a volume of 3025 shares trading hands. The stock had previously closed at $37.79.

First Trust Growth Strength ETF Stock Down 0.3%

The stock has a market cap of $1.29 billion, a PE ratio of 23.90 and a beta of 1.02. The company’s fifty day moving average is $36.77 and its 200 day moving average is $35.97.

Institutional Trading of First Trust Growth Strength ETF

Several large investors have recently added to or reduced their stakes in FTGS. Petix & Botte Co boosted its position in shares of First Trust Growth Strength ETF by 4.6% in the third quarter. Petix & Botte Co now owns 8,626 shares of the company’s stock worth $310,000 after buying an additional 376 shares during the period. Cullen Frost Bankers Inc. grew its position in First Trust Growth Strength ETF by 58.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock valued at $37,000 after acquiring an additional 385 shares in the last quarter. Lake Street Private Wealth LLC raised its stake in shares of First Trust Growth Strength ETF by 7.2% during the fourth quarter. Lake Street Private Wealth LLC now owns 6,271 shares of the company’s stock valued at $222,000 after purchasing an additional 420 shares during the period. WPG Advisers LLC boosted its stake in shares of First Trust Growth Strength ETF by 3.4% in the fourth quarter. WPG Advisers LLC now owns 14,467 shares of the company’s stock valued at $511,000 after purchasing an additional 469 shares during the period. Finally, Ameriflex Group Inc. grew its holdings in First Trust Growth Strength ETF by 78.8% during the 4th quarter. Ameriflex Group Inc. now owns 1,162 shares of the company’s stock valued at $41,000 after purchasing an additional 512 shares in the last quarter.

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.