Orion Portfolio Solutions LLC Has $3.56 Million Stock Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Orion Portfolio Solutions LLC raised its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 59.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 113,346 shares of the company’s stock after buying an additional 42,100 shares during the period. Orion Portfolio Solutions LLC’s holdings in First Trust Growth Strength ETF were worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. LPL Financial LLC grew its stake in First Trust Growth Strength ETF by 33.0% in the 4th quarter. LPL Financial LLC now owns 3,812,706 shares of the company’s stock valued at $119,719,000 after buying an additional 945,823 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Growth Strength ETF in the fourth quarter valued at approximately $30,903,000. Commonwealth Equity Services LLC increased its stake in shares of First Trust Growth Strength ETF by 65.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 709,039 shares of the company’s stock worth $22,264,000 after purchasing an additional 280,846 shares during the period. Assetmark Inc. lifted its holdings in First Trust Growth Strength ETF by 50.5% during the 4th quarter. Assetmark Inc. now owns 443,822 shares of the company’s stock worth $13,936,000 after purchasing an additional 148,966 shares during the last quarter. Finally, ODonnell Financial Services LLC boosted its stake in First Trust Growth Strength ETF by 9.4% in the 4th quarter. ODonnell Financial Services LLC now owns 422,023 shares of the company’s stock valued at $13,003,000 after purchasing an additional 36,305 shares during the period.

First Trust Growth Strength ETF Price Performance

FTGS stock opened at $29.61 on Monday. 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 $922.35 million, a price-to-earnings ratio of 20.83 and a beta of 1.11. The business’s fifty day moving average price is $31.38 and its two-hundred day moving average price is $31.72.

First Trust Growth Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $0.0248 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.34%. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, March 27th.

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.