POM Investment Strategies LLC Has $7.76 Million Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

POM Investment Strategies LLC increased its holdings in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 247,162 shares of the company’s stock after buying an additional 6,490 shares during the period. First Trust Growth Strength ETF makes up 5.8% of POM Investment Strategies LLC’s holdings, making the stock its 9th biggest holding. POM Investment Strategies LLC’s holdings in First Trust Growth Strength ETF were worth $7,761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTGS. FMR LLC lifted its holdings in First Trust Growth Strength ETF by 60.4% during the third quarter. FMR LLC now owns 1,609 shares of the company’s stock worth $50,000 after buying an additional 606 shares during the period. NBC Securities Inc. lifted its stake in shares of First Trust Growth Strength ETF by 43.2% during the 3rd quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock worth $76,000 after purchasing an additional 740 shares during the last quarter. ORG Partners LLC bought a new stake in First Trust Growth Strength ETF during the fourth quarter valued at about $188,000. J.W. Cole Advisors Inc. purchased a new position in First Trust Growth Strength ETF in the third quarter valued at about $207,000. Finally, Private Client Services LLC bought a new position in First Trust Growth Strength ETF in the fourth quarter worth about $212,000.

First Trust Growth Strength ETF Stock Performance

NASDAQ:FTGS opened at $32.50 on Tuesday. The company’s 50-day simple moving average is $32.30 and its 200-day simple moving average is $31.59. First Trust Growth Strength ETF has a fifty-two week low of $28.31 and a fifty-two week high of $33.38. The stock has a market capitalization of $1.01 billion, a P/E ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.0662 dividend. The ex-dividend date was Friday, December 13th.

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.