Golden State Wealth Management LLC Boosts Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Golden State Wealth Management LLC lifted its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 43.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,408 shares of the company’s stock after purchasing an additional 15,997 shares during the period. Golden State Wealth Management LLC’s holdings in First Trust Growth Strength ETF were worth $1,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FTGS. Wells Fargo & Company MN grew its stake in First Trust Growth Strength ETF by 465.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,255 shares of the company’s stock valued at $71,000 after purchasing an additional 1,856 shares in the last quarter. REAP Financial Group LLC grew its position in shares of First Trust Growth Strength ETF by 81.2% during the fourth quarter. REAP Financial Group LLC now owns 2,832 shares of the company’s stock worth $89,000 after buying an additional 1,269 shares in the last quarter. NBC Securities Inc. grew its position in shares of First Trust Growth Strength ETF by 152,750.0% during the first quarter. NBC Securities Inc. now owns 3,057 shares of the company’s stock worth $90,000 after buying an additional 3,055 shares in the last quarter. Tucker Asset Management LLC increased its stake in shares of First Trust Growth Strength ETF by 34.1% in the fourth quarter. Tucker Asset Management LLC now owns 4,019 shares of the company’s stock worth $126,000 after buying an additional 1,021 shares during the last quarter. Finally, Harvest Investment Services LLC acquired a new stake in First Trust Growth Strength ETF in the fourth quarter valued at $239,000.

First Trust Growth Strength ETF Price Performance

NASDAQ FTGS opened at $34.58 on Friday. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 23.90 and a beta of 1.11. First Trust Growth Strength ETF has a 12 month low of $25.74 and a 12 month high of $34.66. The company’s fifty day moving average price is $32.72 and its two-hundred day moving average price is $31.46.

First Trust Growth Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a dividend of $0.0036 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.01 annualized dividend and a dividend yield of 0.04%.

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.