7,998 Shares in First Trust Growth Strength ETF (NASDAQ:FTGS) Acquired by ABLE Financial Group LLC

ABLE Financial Group LLC bought a new stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) during the 3rd quarter, Holdings Channel reports. The firm bought 7,998 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors also recently added to or reduced their stakes in FTGS. GPS Wealth Strategies Group LLC bought a new position in First Trust Growth Strength ETF in the 2nd quarter valued at about $40,000. Pinnacle Bancorp Inc. boosted its holdings in shares of First Trust Growth Strength ETF by 93.0% in the third quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock valued at $65,000 after acquiring an additional 1,005 shares in the last quarter. NBC Securities Inc. increased its stake in shares of First Trust Growth Strength ETF by 43.2% during the third quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock valued at $76,000 after acquiring an additional 740 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in First Trust Growth Strength ETF during the second quarter worth approximately $117,000. Finally, Benjamin Edwards Inc. lifted its position in First Trust Growth Strength ETF by 82.5% in the second quarter. Benjamin Edwards Inc. now owns 4,245 shares of the company’s stock worth $130,000 after purchasing an additional 1,919 shares during the period.

First Trust Growth Strength ETF Price Performance

Shares of First Trust Growth Strength ETF stock traded up $0.24 during trading on Friday, hitting $32.74. The stock had a trading volume of 20,091 shares, compared to its average volume of 176,664. The business has a fifty day moving average of $31.19 and a two-hundred day moving average of $30.57. The firm has a market cap of $816.86 million, a P/E ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a fifty-two week low of $24.04 and a fifty-two week high of $32.74.

First Trust Growth Strength ETF Increases Dividend

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

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.