Susquehanna International Group LLP Trims Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Susquehanna International Group LLP lessened its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 43.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 56,066 shares of the company’s stock after selling 43,544 shares during the period. Susquehanna International Group LLP’s holdings in First Trust Growth Strength ETF were worth $1,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN raised its holdings in First Trust Growth Strength ETF by 465.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,255 shares of the company’s stock valued at $71,000 after acquiring an additional 1,856 shares during the last quarter. Kestra Investment Management LLC acquired a new position in First Trust Growth Strength ETF in the fourth quarter valued at $83,000. Tucker Asset Management LLC increased its stake in 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 valued at $126,000 after purchasing an additional 1,021 shares during the last quarter. Synergy Investment Management LLC purchased a new position in First Trust Growth Strength ETF during the fourth quarter worth about $181,000. Finally, ORG Partners LLC acquired a new stake in First Trust Growth Strength ETF in the 4th quarter worth about $188,000.

First Trust Growth Strength ETF Price Performance

FTGS opened at $31.45 on Monday. First Trust Growth Strength ETF has a 12 month low of $25.74 and a 12 month high of $33.38. The business has a 50-day moving average of $29.50 and a two-hundred day moving average of $31.25. The stock has a market capitalization of $992.25 million, a price-to-earnings ratio of 19.17 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.0248 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.32%. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 27th.

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.