First Trust Growth Strength ETF (NASDAQ:FTGS) Hits New 52-Week High – What’s Next?

First Trust Growth Strength ETF (NASDAQ:FTGS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.65 and last traded at $37.82, with a volume of 8916 shares changing hands. The stock had previously closed at $37.83.

First Trust Growth Strength ETF Stock Down 0.1%

The firm’s fifty day moving average price is $36.92 and its 200 day moving average price is $36.04. The stock has a market cap of $1.28 billion, a PE ratio of 23.90 and a beta of 1.02.

Institutional Trading of First Trust Growth Strength ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Independent Advisor Alliance grew its position in shares of First Trust Growth Strength ETF by 9.4% during the fourth quarter. Independent Advisor Alliance now owns 460,276 shares of the company’s stock valued at $16,271,000 after purchasing an additional 39,578 shares in the last quarter. Centennial Wealth Advisory LLC lifted its position in shares of First Trust Growth Strength ETF by 13.8% in the fourth quarter. Centennial Wealth Advisory LLC now owns 124,840 shares of the company’s stock worth $4,413,000 after buying an additional 15,124 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in First Trust Growth Strength ETF by 7.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock valued at $39,782,000 after buying an additional 73,699 shares during the last quarter. Key Client Fiduciary Advisors LLC bought a new position in First Trust Growth Strength ETF during the fourth quarter valued at approximately $4,982,000. Finally, Assetmark Inc. boosted its stake in First Trust Growth Strength ETF by 5.9% during the fourth quarter. Assetmark Inc. now owns 354,154 shares of the company’s stock valued at $12,520,000 after buying an additional 19,842 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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.