FSB Premier Wealth Management Inc. Acquires 709 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

FSB Premier Wealth Management Inc. boosted its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 5.2% during the fourth quarter, Holdings Channel reports. The fund owned 14,441 shares of the company’s stock after acquiring an additional 709 shares during the period. FSB Premier Wealth Management Inc.’s holdings in First Trust Growth Strength ETF were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTGS. FMR LLC increased its holdings in shares of First Trust Growth Strength ETF by 60.4% in the third quarter. FMR LLC now owns 1,609 shares of the company’s stock valued at $50,000 after purchasing an additional 606 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of First Trust Growth Strength ETF during the fourth quarter worth $83,000. Tucker Asset Management LLC lifted its stake in shares of First Trust Growth Strength ETF by 34.1% during the fourth quarter. Tucker Asset Management LLC now owns 4,019 shares of the company’s stock valued at $126,000 after acquiring an additional 1,021 shares during the period. Synergy Investment Management LLC bought a new position in First Trust Growth Strength ETF in the fourth quarter valued at about $181,000. Finally, ORG Partners LLC acquired a new stake in First Trust Growth Strength ETF in the fourth quarter worth about $188,000.

First Trust Growth Strength ETF Trading Down 1.8 %

First Trust Growth Strength ETF stock opened at $29.61 on Monday. The company has a market cap of $922.35 million, a PE ratio of 20.83 and a beta of 1.11. First Trust Growth Strength ETF has a 1 year low of $28.31 and a 1 year high of $33.38. The company’s 50-day moving average is $31.38 and its two-hundred day moving average is $31.72.

First Trust Growth Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.0248 per share. The ex-dividend date is Thursday, March 27th. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.34%.

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.