First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Strong Trading Volume – Still a Buy?

First Trust Growth Strength ETF (NASDAQ:FTGSGet Free Report) saw unusually-high trading volume on Thursday . 220,830 shares traded hands during mid-day trading, an increase of 63% from the previous session’s volume of 135,518 shares.The stock last traded at $39.41 and had previously closed at $39.55.

First Trust Growth Strength ETF Price Performance

The firm has a 50-day simple moving average of $38.02 and a 200-day simple moving average of $36.52. The firm has a market capitalization of $1.33 billion, a PE ratio of 23.90 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in First Trust Growth Strength ETF during the 4th quarter valued at about $28,000. Allworth Financial LP purchased a new position in shares of First Trust Growth Strength ETF during the third quarter worth approximately $32,000. Cullen Frost Bankers Inc. increased its position in shares of First Trust Growth Strength ETF by 58.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock worth $37,000 after acquiring an additional 385 shares during the period. Smartleaf Asset Management LLC increased its position in shares of First Trust Growth Strength ETF by 100.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock worth $40,000 after acquiring an additional 557 shares during the period. Finally, Ameriflex Group Inc. raised its stake in shares of First Trust Growth Strength ETF by 78.8% during the fourth quarter. Ameriflex Group Inc. now owns 1,162 shares of the company’s stock valued at $41,000 after acquiring an additional 512 shares in the last quarter.

First Trust Growth Strength ETF Company Profile

(Get Free Report)

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.

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