First Trust Growth Strength ETF $FTGS Stock Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 31.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,926 shares of the company’s stock after selling 70,179 shares during the period. Kestra Advisory Services LLC owned approximately 0.45% of First Trust Growth Strength ETF worth $5,799,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Park National Corp OH bought a new stake in First Trust Growth Strength ETF in the 3rd quarter worth approximately $13,728,000. D.A. Davidson & CO. bought a new position in First Trust Growth Strength ETF during the third quarter valued at approximately $13,501,000. Commonwealth Equity Services LLC bought a new position in First Trust Growth Strength ETF during the third quarter valued at approximately $11,056,000. Avior Wealth Management LLC purchased a new position in shares of First Trust Growth Strength ETF during the third quarter worth approximately $4,287,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust Growth Strength ETF by 9.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock worth $40,164,000 after acquiring an additional 92,206 shares in the last quarter.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS opened at $38.07 on Friday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 23.68 and a beta of 1.02. First Trust Growth Strength ETF has a fifty-two week low of $33.00 and a fifty-two week high of $40.12. The firm has a 50 day moving average price of $38.12 and a 200-day moving average price of $37.07.

First Trust Growth Strength ETF Dividend Announcement

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

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.