HBW Advisory Services LLC Sells 41,015 Shares of First Trust Growth Strength ETF $FTGS

HBW Advisory Services LLC cut its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 78.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,300 shares of the company’s stock after selling 41,015 shares during the quarter. HBW Advisory Services LLC’s holdings in First Trust Growth Strength ETF were worth $428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers lifted its position in shares of First Trust Growth Strength ETF by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock worth $50,734,000 after buying an additional 46,709 shares during the period. Envestnet Asset Management Inc. grew its position in First Trust Growth Strength ETF by 9.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock valued at $40,164,000 after acquiring an additional 92,206 shares during the period. Royal Bank of Canada grew its position in First Trust Growth Strength ETF by 16.6% in the first quarter. Royal Bank of Canada now owns 514,094 shares of the company’s stock valued at $17,503,000 after acquiring an additional 73,363 shares during the period. Hobart Private Capital LLC grew its position in First Trust Growth Strength ETF by 5.5% in the second quarter. Hobart Private Capital LLC now owns 425,915 shares of the company’s stock valued at $15,760,000 after acquiring an additional 22,326 shares during the period. Finally, Assetmark Inc. raised its stake in First Trust Growth Strength ETF by 12.2% during the first quarter. Assetmark Inc. now owns 397,456 shares of the company’s stock worth $13,532,000 after acquiring an additional 43,302 shares in the last quarter.

First Trust Growth Strength ETF Stock Down 1.4%

First Trust Growth Strength ETF stock traded down $0.52 during mid-day trading on Friday, hitting $37.99. 101,953 shares of the company were exchanged, compared to its average volume of 132,583. The company has a market capitalization of $1.28 billion, a PE ratio of 23.90 and a beta of 1.02. The business has a fifty day moving average of $38.70 and a 200 day moving average of $37.47. First Trust Growth Strength ETF has a 1-year low of $33.00 and a 1-year high of $40.12.

First Trust Growth Strength ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.0088 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, September 24th.

First Trust Growth Strength ETF 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.