Cwm LLC Has $15.47 Million Stake in First Trust Growth Strength ETF (NASDAQ:FTGS)

Cwm LLC raised its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 632.4% during the third quarter, Holdings Channel reports. The firm owned 495,469 shares of the company’s stock after purchasing an additional 427,822 shares during the period. Cwm LLC’s holdings in First Trust Growth Strength ETF were worth $15,469,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its stake in First Trust Growth Strength ETF by 360.2% during the 2nd quarter. LPL Financial LLC now owns 1,787,857 shares of the company’s stock valued at $54,548,000 after purchasing an additional 1,399,347 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Growth Strength ETF by 270.8% in the second quarter. Cetera Investment Advisers now owns 663,671 shares of the company’s stock worth $20,249,000 after buying an additional 484,672 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Growth Strength ETF by 120.2% in the second quarter. Envestnet Asset Management Inc. now owns 612,216 shares of the company’s stock worth $18,679,000 after buying an additional 334,209 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of First Trust Growth Strength ETF by 193.4% in the second quarter. Commonwealth Equity Services LLC now owns 425,939 shares of the company’s stock worth $12,995,000 after purchasing an additional 280,746 shares during the last quarter. Finally, POM Investment Strategies LLC bought a new position in First Trust Growth Strength ETF during the second quarter valued at approximately $7,229,000.

First Trust Growth Strength ETF Stock Performance

NASDAQ:FTGS opened at $31.75 on Friday. The firm has a market cap of $747.71 million, a PE ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a fifty-two week low of $22.69 and a fifty-two week high of $32.00. The business has a 50 day moving average price of $30.60 and a 200-day moving average price of $30.35.

First Trust Growth Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.021 dividend. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.08 dividend on an annualized basis and a yield of 0.26%.

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.