First Trust Growth Strength ETF (NASDAQ:FTGS) Hits New 52-Week High – Should You Buy?

First Trust Growth Strength ETF (NASDAQ:FTGS)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $32.99 and last traded at $32.99, with a volume of 12012 shares traded. The stock had previously closed at $32.82.

First Trust Growth Strength ETF Stock Up 0.8 %

The firm has a 50-day simple moving average of $31.70 and a 200 day simple moving average of $30.83. The company has a market cap of $825.35 million, a price-to-earnings ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.021 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.25%. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 26th.

Institutional Trading of First Trust Growth Strength ETF

A number of large investors have recently bought and sold shares of the business. LPL Financial LLC increased its stake in First Trust Growth Strength ETF by 360.2% in the second quarter. LPL Financial LLC now owns 1,787,857 shares of the company’s stock valued at $54,548,000 after purchasing an additional 1,399,347 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust Growth Strength ETF by 270.8% during the second quarter. Cetera Investment Advisers now owns 663,671 shares of the company’s stock worth $20,249,000 after purchasing an additional 484,672 shares during the period. CWM LLC lifted its holdings in shares of First Trust Growth Strength ETF by 632.4% during the third quarter. CWM LLC now owns 495,469 shares of the company’s stock worth $15,469,000 after purchasing an additional 427,822 shares during the period. ODonnell Financial Services LLC purchased a new stake in First Trust Growth Strength ETF in the 3rd quarter valued at approximately $12,042,000. Finally, Envestnet Asset Management Inc. increased its position in First Trust Growth Strength ETF by 120.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 612,216 shares of the company’s stock worth $18,679,000 after purchasing an additional 334,209 shares during the period.

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.